Published on 07/04/2025 at 02:45

• KOSPI falls, foreigners net buyers
• Korean won strengthens against dollar
• South Korea benchmark bond yield steady

(Reuters) - Round-up of South Korean financial markets:
** South Korean shares dropped 2% on Friday to end the week lower on profit-taking pressure, after a five-week rally on post-election policy optimism.
** The benchmark KOSPI closed down 61.99 points, or 1.99%, at 3,054.28. For the week, the KOSPI fell 0.05%.
** "Stocks prices went through correction, after recent sharp gains," said Huh Jae-hwan, an analyst at Eugene Investment Securities.
** South Korea's Trade Minister Yeo Han-koo said he might request an extension of the freeze on U.S. tariffs that is set to expire within days when he heads to Washington for talks.
** Among index heavyweights, chipmaker Samsung Electronics fell 0.78%, while peer SK Hynix lost 2.87%. Battery maker LG Energy Solution slid 2.51%.
** Hyundai Motor and sister automaker Kia Corp were down 1.86% and down 1.00%, respectively. Steelmaker POSCO Holdings added 1.44%, while drugmaker Samsung BioLogics fell 0.57%.
** Of the total 935 traded issues, 161 shares advanced, while 741 declined.
** Foreigners were net buyers of shares worth 162.5 billion won ($119.26 million).
** The won was quoted at 1,362.3 per dollar on the onshore settlement platform, 0.23% higher than its previous close at 1,365.5.
** In money and debt markets, September futures on three-year treasury bonds lost 0.06 point to 107.17.
** The most liquid three-year Korean treasury bond yield rose by 1.4 basis points to 2.465%, while the benchmark 10-year yield fell by 0.9 basis point to 2.819%. ($1 = 1,362.5400 won)
 (Reporting by Jihoon Lee; Editing by Harikrishnan Nair) 

Sumber : Reuters