South Korean shares hit one-month high as automakers climb on tariff hopes

SEOUL, April 29 (Reuters) - Round-up of South Korean financial markets:

South Korean shares rose for a third consecutive session and hit a one-month high on Tuesday, driven by automakers as investors took relief in signs that U.S. President Donald Trump's tariffs may have a milder impact than feared.

The benchmark KOSPI .KS11 was up 9.91 points, or 0.4%, at 2,558.77, as of 0134 GMT, and hit its highest level since March 28.

Trump's administration will move to reduce the impact of automotive tariffs by alleviating some duties imposed on foreign parts in domestically manufactured cars and keeping tariffs on cars made abroad from piling on top of other ones, officials said.

South Korea's exports are expected to have fallen in April, as Trump's tariffs, including those on autos and steel, started to weigh, a Reuters poll found.

Shares of Hyundai Motor 005380.KS added 0.85% and sister automaker Kia Corp 000270.KS gained 1.35%, leading gains in the benchmark index. The auto sector is expected to be hit hardest by U.S. tariffs.

Among other index heavyweights, chipmaker Samsung Electronics 005930.KS rose 0.54% and peer SK Hynix 000660.KS lost 0.82%, while battery maker LG Energy Solution 373220.KS climbed 0.29%.

Of the total 934 traded issues, 572 shares advanced, while 302 declined.

Foreigners were net sellers of shares worth 213.6 billion won ($148.34 million).

The won was quoted at 1,439.5 per dollar on the onshore settlement platform KRW=KFTC, 0.19% lower than its previous close at 1,436.8.

In money and debt markets, June futures on three-year treasury bonds KTBc1 rose 0.03 point to 107.76.

The most liquid three-year Korean treasury bond yield KR3YT=RR fell 1.3 basis points to 2.304%, while the benchmark 10-year yield KR10YT=RR rose 0.9 basis point to 2.597%.

($1 = 1,439.9000 won)