South Korean shares track Wall Street lower; chipmaker SK Hynix rises

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KOSPI falls, foreigners net sellers
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Korean won weakens against dollar
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South Korea benchmark bond yield rises
SEOUL, – Round-up of South Korean financial markets:
** South Korean shares fell more than 1% on Tuesday, tracking Wall Street’s overnight losses, while chipmaker SK Hynix was a rare gainer among index heavyweights.
** The won weakened, while the benchmark bond yield rose.
** The benchmark KOSPI fell 30.66 points, or 1.16%, to 2,574.60 by 0047 GMT, hitting its lowest level since Oct. 7.
** The South Korean economy likely returned to growth last quarter after a mild contraction in the prior quarter thanks to an export-led expansion that offset higher borrowing costs squeezing domestic demand, according to a Reuters poll.
** On Monday, the Dow Jones Industrial Average and S&P 500 retreated from record high closes on a rise in U.S. Treasury yields, while the Nasdaq ended higher on boost from chipmaker Nvidia of a record-hitting rally.
** SK Hynix, which supplies Nvidia with advanced chips, was up 0.31%, after rising as much as 2.3% earlier in the session. Rival Samsung Electronics fell 1.19%.
** Most other index heavyweights fell, including battery makers, automakers and e-commerce firms.
** Samsung Biologics traded down 1.28%, after rising as much as 2.02% to an all-time high on an order worth 1.7 trillion won .
** Biopharmaceutical peer Celltrion, which also won an order worth 100 billion won, fell 1.51%.
** Of the total 925 traded issues, 149 shares advanced, while 723 declined.
** Foreigners were net sellers of shares worth 148.2 billion won on the main board on Tuesday.
** The won was quoted at 1,381.7 per dollar on the onshore settlement platform, 0.21% lower than its previous close at 1,378.8.
** In money and debt markets, December futures on three-year treasury bonds fell 0.15 point to 105.84.
** The most liquid three-year Korean treasury bond yield rose by 4.7 basis points to 2.949%, while the benchmark 10-year yield rose by 7.7 basis points to 3.131%.
This article was generated from an automated news agency feed without modifications to text.