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S.Korean shares snap four-week losing streak after US tech earnings
Friday, April 26, 2024       15:12 WIB

Apr 26, 2024 at 7:01 am GMT
SEOUL, April 26 (Reuters) - Round-up of South Korean financial markets:
** South Korean shares rose more than 1% on Friday, as chipmakers advanced after U.S. tech companies' robust earnings, and posted their first weekly rise in five weeks.
** The benchmark KOSPI .KS11 closed 27.71 points, or 1.05%, higher at 2,656.33.
** For the week, the KOSPI rose 2.49%, after dropping 3.35% in the prior week, which was the biggest fall since mid-September.
** Chipmaker Samsung Electronics 005930.KS rose 0.52% and peer SK Hynix 000660.KS jumped 4.22%, leading the benchmark index higher.
** "Local chipmakers and the electronic device sector strengthened on upbeat earnings of U.S. big tech companies and dip-buying," said Lee Kyoung-min, an analyst at Daishin Securities.
** In Asia trade hours, U.S. stock futures jumped on tech giants Alphabet GOOGL.O and Microsoft's MSFT .O quarterly results that beat Wall Street estimates.
** HYBE 352820.KS ended 4.95% lower amid a dispute between the K-pop giant and the CEO of its sub-label ADOR over management control.
** The Finance-major Index .KS49 and the Securities-minor Index .KS53 rose 3.22% and 2.11%, respectively.
** Of the total 930 traded issues, 461 shares advanced, while 409 declined.
** Foreigners were net buyers of shares worth 469.8 billion won ($341.59 million) on the main board.
** The won ended onshore trade KRW=KFTC at 1,375.3 per dollar, 0.02% lower than its previous close of 1,375.0.
** In money and debt markets, June futures on three-year treasury bonds KTBc1 was unchanged at 103.95.
** The most liquid three-year Korean treasury bond yield rose by 1.6 basis points to 3.556%, while the benchmark 10-year yield rose by 2.0 basis points to 3.722%.
($1 = 1,375.3200 won)
 Reporting by Jihoon Lee; Editing by Krishna Chandra Eluri 

Sumber : Reuters

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