South Korean stocks, won gain as markets cheer Trump's US Treasury pick
KOSPI rises, foreigners net sellers
Korean won strengthens against US dollar
South Korea benchmark bond yield falls
For the midday report, please click nL2N3MW00Z
SEOUL, Nov 25 (Reuters) -Round-up of South Korean financial markets:
** South Korean shares gained on Monday as investors welcomed Donald Trump's nomination of Scott Bessent as U.S. Treasury Secretary, viewing it as a move likely to bring more stability to financial markets. The won strengthened, while the benchmark bond yield fell.
** The blue chip KOSPI .KS11 closed up 33.10 points, or 1.32%, at 2,534.34.
** Among index heavyweights, chipmaker Samsung Electronics 005930.KS rose 3.39% and peer SK Hynix 000660.KS gained 0.17%. Nvidia NVDA.O CEO Jensen Huang said on Saturday that global cooperation in technology will continue even if the Trump administration imposes stricter export controls on advanced computing products.
** Battery maker LG Energy Solution 373220.KS climbed 3.58%.
** Bonds rallied, U.S. stock futures rose and the U.S. dollar eased in early trade as investors cheered Bessent's appointment.
** Hyundai 005380.KS added 0.92%, while sister automaker Kia 000270.KS lost 0.61%. Search engine Naver 035420.KS and instant messenger Kakao 035720.KS added 1.68% and 0.28%, respectively.
** Of the total 939 traded issues, 611 shares advanced, while 285 declined.
** Foreigners net sold shares worth 76.8 billion won ($54.7 million) on the main board.
** The won was quoted at 1,402.2 per dollar on the onshore settlement platform KRW=KFTC, 0.30% higher than its previous close at 1,406.4.
** In offshore trading, the won KRW= was quoted at 1,402.2 per dollar, up 0.0% on the day, while in non-deliverable forward trading its one-month contract KRW1MNDFOR= was quoted at 1,400.6.
** The KOSPI has fallen 4.55% so far this year, losing 3.7% in the last 30 trading sessions.
** The won has lost 8.1% against the dollar so far this year.
** In the money and debt markets, December futures on three-year treasury bonds KTBc1 rose 0.14 point to 106.32.
** The most liquid three-year Korean treasury bond yield KR3YT=RR fell by 3.1 basis points to 2.775%, while the benchmark 10-year yield KR10YT=RR fell by 6.5 basis points to 2.921%.
($1 = 1,401.9400 won)
Reporting by Cynthia Kim
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