South Korean shares extend gains for sixth session as China stocks shine
Tuesday, February 18, 2025       13:54 WIB

Feb 18, 202512:01GMT+7
Key points:
  • KOSPI rises, foreigners net sellers
  • Korean won weakens against dollar
  • South Korea benchmark bond yield rises

(Reuters) - Round-up of South Korean financial markets:
** South Korean shares extended gains for a sixth straight session on Tuesday as shares in China, South Korea's biggest trading partner, rose on expectations that a meeting between President Xi Jinping and head of big companies will boost shares of those companies. The won weakened, while the benchmark bond yield rose.
** The benchmark KOSPIwas up 14.10 points, or 0.54%, at 2,624.52 as of 0422 GMT.
** Among index heavyweights, chipmaker Samsung Electronicsrose 2.14% and peer SK Hynixlost 0.94%, while battery maker LG Energy Solutionslid 1.27%.
** Hyundai Motoradded 0.35% and sister automaker Kia Corpgained 0.11%, while search engine Naverand instant messenger Kakaowere up 0.23% and up 0.26%, respectively.
** China revealed support for private sector, with the Hang Seng Index rising 2.05%.
** Of the total 939 traded issues in South Korea, 421 shares advanced, while 460 declined.
** Foreigners were net sellers of shares worth 149.7 billion won ($103.69 million) on the main board on Tuesday.
** The won was quoted at 1,443.3 per dollar on the onshore settlement platform, 0.09% lower than its previous close at 1,442.0.
** In offshore trading, the wonwas quoted at 1,443.5 per dollar, down 0.2% on the day, while in non-deliverable forward trading its one-month contract (KRW1MNDFOR=) was quoted at 1,441.1.
** The KOSPI has risen 9.38% so far this year, and gained 8.6% in the previous 30 trading sessions.
** The won has gained 2% against the dollar so far this year.
** In money and debt markets, March futures on three-year treasury bonds fell 0.04 point to 106.61.
** The most liquid three-year Korean treasury bond yield rose by 1 basis point to 2.635%, while the benchmark 10-year yieldrose by 3.4 basis points to 2.872%.
($1 = 1,443.7400 won)

Sumber : Reuters