SEOUL: Round-up of South Korean financial markets:<\/p>\n
** South Korean shares rose more than 3% on Friday to notch a record close, as Samsung Electronics jumped and the national pension fund decided to raise domestic investment.<\/p>\n
** The benchmark KOSPI closed up 290.86 points, or 3.55%, at an all-time high of 8,476.15.<\/p>\n
** The KOSPI surged 8% this week, after rising 4.7% last week.<\/p>\n
** For the month, it rose 28%, after rising 31% last month.<\/p>\n
** The National Pension Service (NPS) has decided to raise its target for domestic stock holdings amid a world-beating local stock market rally driven by the global AI boom, easing investor worries about its selloff for portfolio rebalancing.<\/p>\n
** “We believe the NPS will likely remain overweight on domestic equities for longer as the risks of sharp rebalancing has been mitigated,” said Kim Jin-wook, an economist at Citi.<\/p>\n
** Samsung Electronics rose 5.84%, after the chipmaker said it started shipping samples of its latest high-bandwidth memory (HBM) chip to customers, pulling ahead of rivals in distributing a new version of the product critical to AI data centers.<\/p>\n
** Peer chipmaker SK Hynix gained 1.92%.<\/p>\n
** Among other index heavyweights, battery maker LG Energy Solution climbed 3.62%, while Hyundai Motor and sister automaker Kia Corp were up 6.79% and 2.98%, respectively.<\/p>\n
** Steelmaker POSCO Holdings added 0.83%, while drugmaker Samsung BioLogics fell 0.73%.<\/p>\n
** Of the total 922 traded issues, 206 shares advanced, while 688 declined.<\/p>\n
** Foreigners were net sellers of shares worth 1.04 trillion won ($690.29 million).<\/p>\n
** The won was quoted at 1,506.5 per dollar on the onshore settlement platform, 0.78% lower than its previous close at 1,494.7.<\/p>\n
** The most liquid three-year Korean treasury bond yield fell by 1.9 basis points to 3.738%, while the benchmark 10-year yield fell by 14.9 basis points to 4.059%. – Reuters<\/p>\n","protected":false},"excerpt":{"rendered":"SEOUL: Round-up of South Korean financial markets: ** South Korean shares rose more than 3% on Friday to…\n","protected":false},"author":2,"featured_media":34549,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[1137,8218,21664,335,451,127,276,33],"class_list":["post-34548","post","type-post","status-publish","format-standard","has-post-thumbnail","category-samsung-electronics","tag-ai","tag-equities","tag-foreign-net-sellers","tag-kospi","tag-markets","tag-samsung","tag-samsung-electronics","tag-south-korea"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/34548","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=34548"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/34548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/34549"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=34548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=34548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=34548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}