S.Korean stocks, won gain as markets cheer Bessent pick for US Treasury
KOSPI rises, foreigners net buyers
Korean won strengthens against dollar
South Korea benchmark bond yield falls
SEOUL, Nov 25 (Reuters) -Round-up of South Korean financial markets:
** South Korean shares rose on Monday as investors welcomed Donald Trump's nomination of Scott Bessent for U.S. Treasury Secretary, viewing the pick as a move likely to bring more stability to financial markets.
** The won firmed, while the benchmark bond yield fell.
** The benchmark KOSPI .KS11 was up 33.36 points, or 1.33%, at 2,534.60 by 0130 GMT.
** Among index heavyweights, chipmaker Samsung Electronics 005930.KS rose 2.5% and peer SK Hynix 000660.KS gained nearly 1%, while battery maker LG Energy Solution 373220.KS climbed 3.58%.
** Bonds rallied, U.S. stock futures rose and the dollar eased in early trade on Monday as investors cheered the appointment of fund manager Bessent.
** Shares of Hyundai Motor 005380.KS added 1.15%, while sister automaker Kia Corp 000270.KS lost 0.51%. Search engine Naver 035420.KS and instant messenger Kakao 035720.KS were down 0.74% and down 0.28%, respectively.
** Of the total 937 traded issues, 652 shares advanced, while 233 declined.
** Foreigners were net buyers of shares worth 5.7 billion won on the main board on Monday.
** The won was quoted at 1,397.0 per dollar on the onshore settlement platform KRW=KFTC, 0.67% higher than its previous close at 1,406.4.
** In offshore trading, the won KRW= was quoted at 1,403.5 per dollar, down 0.1% on the day, while in non-deliverable forward trading its one-month contract KRW1MNDFOR= was quoted at 1,394.8.
** The KOSPI has fallen 4.54% so far this year, and lost 3.7% in the previous 30 trading sessions.
** The won has lost 7.8% against the dollar so far this year.
** In money and debt markets, December futures on three-year treasury bonds KTBc1 rose 0.08 point to 106.26.
** The most liquid three-year Korean treasury bond yield KR3YT=RR fell 1.1 basis points to 2.795%, while the benchmark 10-year yield KR10YT=RR fell 4.6 basis points to 2.940%.
Reporting by Cynthia Kim; Editing by Sherry Jacob-Phillips
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