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South Korean shares slip on concerns over Trump's tariff plans



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KOSPI falls, foreigners net sellers

Korean won weakens against dollar

South Korea benchmark bond yield falls

SEOUL, Nov 27 (Reuters) -Round-up of South Korean financial markets:

** South Korean shares fell on Wednesday amid lingering concerns over U.S. President-elect Donald Trump's tariff plans. The won weakened, while the benchmark bond yield fell.

** The benchmark KOSPI .KS11 was down 11.56 points, or 0.46%, at 2,508.80, as of 0039 GMT.

** Among index heavyweights, chipmaker Samsung Electronics 005930.KS fell 2.06% and peer SK Hynix 000660.KS lost 3.90%, while battery maker LG Energy Solution 373220.KS climbed 0.62%.

** Trump on Monday pledged big tariffs on the U.S.' three largest trading partners - Canada, Mexico and China.

** South Korea's pension fund has been selling dollars in the onshore foreign exchange market in recent weeks, capping losses in the won currency as the dollar surges, two sources with knowledge of the matter told Reuters.

** Samsung Electronics has named Jun Young-hyun as the new head of its memory chip business and Co-CEO of the company, while Han Jin-man will become the head of the foundry business with a promotion as president.

** Hyundai Motor 005380.KS shed 0.89% and sister automaker Kia Corp 000270.KS lost 0.82%, while search engine Naver 035420.KS and instant messenger Kakao 035720.KS were up 0.97% and up 0.27%, respectively.

** Of the total 927 traded issues, 331 shares advanced, while 526 declined.

** Foreigners were net sellers of shares worth 67.3 billion won ($48.20 million).

** The won was quoted at 1,396.7 per dollar on the onshore settlement platform KRW=KFTC, 0.04% lower than its previous close.

** 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 0.06 point to 106.38.

** The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 0.8 basis points to 2.757%, while the benchmark 10-year yield KR10YT=RR fell by 2.2 bps to 2.885%.



($1 = 1,396.2000 won)




Reporting by Cynthia Kim; Editing by Rashmi Aich

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