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South Korean shares fall as losses in chipmakers overshadow automakers' rally

ReutersMar 25, 2025 3:15 AM
  • KOSPI falls, foreigners net sellers
  • Korean won weakens against dollar
  • South Korea benchmark bond yield rises

- Round-up of South Korean financial markets:

South Korean shares fell on Tuesday, as chipmakers extended losses and overshadowed a rally in automakers.

The benchmark KOSPI .KS11 was down 11.49 points, or 0.44%, at 2,620.58, as of 0259 GMT.

Samsung Electronics 005930.KS fell 0.66% and peer SK Hynix 000660.KS lost 1.30%, extending losses for a second day.

Hyundai Motor 005380.KS added 3.99% and sister automaker Kia Corp 000270.KS gained 1.93%, after the automotive group announced a $21 billion investment in the United States with President Donald Trump.

Hyundai Steel 004020.KS, however, erased early gains to trade down 4.92%, after its $5.8 billion investment plan that was part of Hyundai Motor Group's announcement.

Of the total 939 traded issues, 276 shares advanced, while 589 declined.

Foreigners were net sellers of shares worth 80.5 billion won ($54.74 million).

The won was quoted at 1,470.7 per dollar on the onshore settlement platform KRW=KFTC, 0.07% lower than its previous close at 1,469.7.

In money and debt markets, June futures on three-year treasury bonds KTBc1 fell 0.04 point to 106.78.

The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 0.8 basis points to 2.612%, while the benchmark 10-year yield KR10YT=RR rose by 0.1 basis points to 2.819%.

($1 = 1,470.7000 won)

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