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S.Korean shares rise, boosted by chip, auto stocks ahead of earnings



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KOSPI rises, foreigners net buyers

Korean won weakens against US dollar

South Korea benchmark bond yield rises

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


** South Korean shares rose on Wednesday, as chip and auto makers advanced ahead of their quarterly earnings due later in the week.

** The won weakened, while the benchmark bond yield rose.

** The benchmark KOSPI .KS11 added 20.89 points, or 0.81%, to 2,591.59 by 0237 GMT.

** South Korea will report on Thursday advanced estimates of gross domestic product (GDP) for the third quarter. The economy likely returned to growth during the quarter, as robust exports outpaced sluggish consumer spending, according to a Reuterspoll.

** Among major exporters, chipmaker SK Hynix 000660.KS and Hyundai Motor 005380.KS are scheduled to report their third-quarter results this week.

** SK Hynix gained 3.57%, while rival Samsung Electronics 005930.KS rose 1.39%.

** Hyundai Motor and sister automaker Kia 000270.KS added 2.56% and 0.65%, respectively.

** Battery makers and e-commerce firms also firmed. Of the total 933 traded issues, 397 shares advanced, while 449 declined.

** The won was quoted at 1,381.9 per U.S. dollar on the onshore settlement platform KRW=KFTC, 0.17% lower than its previous close at 1,379.6.

** Foreigners net bought shares worth 101.2 billion won ($73.2 million).

** In money and debt markets, December futures on three-year treasury bonds KTBc1 fell 0.09 point to 105.77.

** The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 2.3 basis points to 2.964%, while the benchmark 10-year yield KR10YT=RR rose by 1.4 basis points to 3.145%.


($1 = 1,381.2800 won)



Reporting by Jihoon Lee; Editing by Sumana Nandy

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