South Korean shares give up early gains as investors head for holidays
Reuters2026/09/23 02:34SEOUL, Sept 23 (Reuters) - Round-up of South Korean financial markets:
** South Korean shares gave up early gains to trade little changed on Wednesday as investors turned risk-averse ahead of a long holiday break.
** The benchmark KOSPI .KS11 was up 11.26 points, or 0.16%, at 7,029.17, as of 0214 GMT, after rising nearly 2% earlier in the session.
** The Nasdaq .IXIC notched a record-high close on Tuesday, lifted by Micron Technology MU.O and other AI-related stocks, while the S&P 500 .SPX hovered just below a record high as oil prices traded around $100 per barrel. .N
** South Korean financial markets will be closed on Thursday and Friday for Chuseok holidays.
** South Korean President Lee Jae Myung and US President Donald Trump welcomed "significant progress" in discussions on strategic investment projects during a 30-minute meeting on the sidelines of the UN General Assembly, Seoul's presidential office said.
** Chipmaker Samsung Electronics 005930.KS was up 1.90% and SK Hynix 000660.KS was higher 0.11%, after rising sharply earlier in the session on an overnight rally in US peers.
** Among other index heavyweights, battery maker LG Energy Solution 373220.KS climbed 0.29%, while Hyundai Motor 005380.KS and sister automaker Kia Corp 000270.KS were down 1.94% and 1.86%, respectively.
** Steelmaker POSCO Holdings 005490.KS shed 1.89%, while drugmaker Samsung BioLogics 207940.KS fell 0.93%.
** Of the total 910 traded issues, 292 shares advanced, while 566 declined.
** Foreigners were net sellers of shares worth 188.1 billion won ($139.14 million).
** The won was quoted at 1,351.0 per dollar on the onshore settlement platform KRW=KFTC, 0.41% higher than its previous close at 1,356.5.
** In money and debt markets, December futures on three-year treasury bonds KTBc1 gained 0.08 point to 102.37.
** The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 0.8 basis point to 4.016%, while the benchmark 10-year yield KR10YT=RR fell by 5.5 basis points to 4.409%.
($1 = 1,351.9000 won)
(Reporting by Jihoon Lee; Editing by Subhranshu Sahu)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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