Global Market: KOSPI gains on chip boost; foreigners turn net buyers
retained text
The KOSPI gained 0.68% to 6,898.84 by 0214 GMT, but remained about 1% lower for the week. Samsung Electronics climbed 3.14%, while SK Hynix advanced 3.67%, tracking a 0.5% rise in the Philadelphia Semiconductor Index on Thursday. Samsung Electronics was also in focus ahead of a board meeting expected to discuss a new shareholder return package. The broader market remained weak, however, with 791 of the 903 traded stocks declining, compared with only 99 gainers. LG Energy Solution fell 3.91%, while Hyundai Motor and Kia declined 1.44% and 0.69%, respectively. POSCO Holdings dropped 4.51%, and Samsung BioLogics lost 2.60%. Read more: Global Market: Treasury bond buybacks complicate Fed’s path to price stability Foreign investors were net buyers of South Korean shares worth 296.6 billion won ($214.83 million), providing support to the benchmark. The Korean won strengthened 0.96% against the dollar to 1,382.7 on the onshore settlement platform, compared with Thursday's close of 1,396. South Korea's finance minister said authorities would proactively assess risks across financial, foreign exchange, bond and housing markets and respond when necessary. Meanwhile, the new deputy governor of the Bank of Korea said monetary policy would be handled carefully and flexibly, with policymakers considering a range of factors, including potential side effects from higher interest rates. In the bond market, South Korean government bond yields moved higher. The benchmark three-year Treasury yield rose 2.4 basis points to 3.846%, while the 10-year yield increased 3.2 basis points to 4.366%. September three-year Treasury futures fell 0.06 point to 103.16. The rise in bond yields came despite the stronger won and gains in equities, highlighting continued attention on monetary policy and financial-market risks, Reuters reported. (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times.) (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-08-21 06:38