South Korean Shares Hit 3-1/2-Year High on Chip Boost

Korean Won Weakens Against Dollar

South Korea Benchmark Bond Yield Falls

Seoul, – Round -up of South Korean Financial Markets:

** South Korean Shares rose on Tuesday to their Highest Level in Nearly 3-1/2 years as heavyweight chipmakers tracked overnights in us peers.

** The benchmark kospi was up 24.90 points, or 0.85%, at 2,971.56 as 0124 gmt, after rising as much as 1.76% earlier in the session to the highest level SINCE JANURY 3, 20222222222222.

** South Korea’s Government will introduce a second Supplementary Budget for the Year on Thursday, After a Budget Vorth 13.8 Trillion Won Passed In May.

** The philadelphia se semiconductor index jumped 3.03% on Monday, LED by an 8.81% surge in advanced Micro devices after pipe

** Among South Korean Index Heavyweights, Chipmaker Samsung Electronics Rose 2.80%, While Peer Sk Hynix Gained 2.42%. Battery Maker LG Energy Solution Climbed 0.51%.

** Hyundai Motor and Sister Automaker kia corp was up 0.74% and 1.03%, respectively. Steelmaker POSCO HOLDINGS SHED 0.77%, While Drugmaker Samsung Biologics was flat.

** of the Total 937 traded issues, 458 shares advanced, while 422 declined.

** Foreigners were net sellers of shares Worth 53.6 Billion Won.

** The Won was quoted at 1,361.9 per us dollar on the Onshore Settlement Platform, 0.28% Lower Than Its Previous Close at 1,358.1.

** In Money and Debt Markets, June Futures on Three-Year Treasury Bonds Gained 0.03 Point to 107.06.

** The Most Liquid Three-Year Korean Treasury Bond Yield Fell by 1.3 Basis Points to 2.475%, While The Benchmark 10-Year Yield Fell by 2.5 Basis Points to 2.851%.

This article was generated from an automated news agency feed without modifications to text.