S.Korean shares rise as Samsung Electronics advances; set for monthly fall
KOSPI rises, foreigners net sellers
Korean won strengthens against dollar
South Korea benchmark bond yield steady
SEOUL, July 31 (Reuters) -Round-up of South Korean financial markets:
** South Korean shares were on course for a monthly loss, even as the benchmark stock index rose on Wednesday, driven by gains in Samsung Electronics as the chip giant flagged strong demand from an artificial intelligence boom.
** The benchmark KOSPI .KS11 rose 3.18 points, or 0.12%, to 2,741.37 by 0150 GMT.
** For the month, the KOSPI has fallen 2.1%, after rising 6.1% in June.
** Samsung Electronics 005930.KS rose 0.49% as it forecast robust artificial intelligence-driven demand for chips in the second half of this year, after reporting a more than 15-fold rise in operating profit.
** But most other index heavyweights declined, including SK Hynix 000660.KS, battery makers, automakers and e-commerce firms.
** Investors were awaiting the outcome of the U.S. Federal Reserve's policy meeting, with focus on cues about when and by how much the central bank will cut rates this year.
** South Korea's monetary policy board was divided over when to cut interest rates with a majority of the seven-member board concerned about lower borrowing costs leading to price increases in the housing market, July meeting minutes showed on Tuesday.
** South Korea will report its trade figures for this month on Thursday.
** Of the total 932 traded issues, 492 shares advanced, while 378 declined.
** Foreigners were net sellers of shares worth 41.2 billion won ($29.85 million).
** The won was quoted at 1,380.8 per dollar on the onshore settlement platform KRW=KFTC, 0.28% higher than its previous close at 1,384.6.
** In money and debt markets, September futures on three-year treasury bonds KTBc1 were unchanged at 105.72.
** The most liquid three-year Korean treasury bond yield rose by 0.1 basis point to 2.993%, while the benchmark 10-year yield fell by 0.4 basis point to 3.048%.
($1 = 1,380.1000 won)
Reporting by Jihoon Lee; Editing by Subhranshu Sahu
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