South Korean shares cut gains after hitting record high

SEOUL, Jan 23 (Reuters) - Round-up of South Korean financial markets:

South Korean shares pared gains after hitting an all-time high on Friday, but were set for a fifth straight weekly rise.

The benchmark KOSPI .KS11 was up 42.73 points, or 0.86%, at 4,995.26, as of 0253 GMT, after rising as much as 1.4% earlier in the day to a record high of 5,021.13.

The KOSPI has risen 3.2% this week after a 5.5% jump last week.

Wall Street's main indexes finished higher for the second straight session on Thursday, as investors bought shares after U.S. President Donald Trump rescinded tariff threats on European allies while data highlighted American economic resilience. .N

"There is a tendency of psychological resistance around every 1,000 points," Kiwoom Securities analyst Han Ji-young said, expecting the market to take a breather after hitting the 5,000 mark for the first time on Thursday.

Among index heavyweights, chipmaker Samsung Electronics 005930.KS rose 1.90%, while peer SK Hynix 000660.KS was flat. Battery maker LG Energy Solution 373220.KS slid 1.68%.

Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were down 3.21% and 1.76%, respectively.

Steelmaker POSCO Holdings 005490.KS added 2.09%, while drugmaker Samsung BioLogics 207940.KS rose 1.35%.

Of the total 927 traded issues, 625 shares advanced, while 270 declined.

Foreigners were net sellers of shares worth 171.1 billion won ($116.57 million).

The won was quoted at 1,468.3 per dollar on the onshore settlement platform KRW=KFTC, 0.26% lower than its previous close at 1,464.5.

In money and debt markets, March futures on three-year treasury bonds KTBc1 lost 0.10 point to 104.95.

The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 2.7 basis points to 3.131%, while the benchmark 10-year yield KR10YT=RR rose by 0.9 basis point to 3.578%.

($1 = 1,467.8100 won)