South Korean stocks set for sharpest weekly decline in three
KOSPI rises, foreigners net buyers
Korean won weakens against dollar
South Korea benchmark bond yield rises
SEOUL, Aug 30 (Reuters) -Round-up of South Korean financial markets:
** South Korean shares rose on Friday, but were set to log the sharpest weekly decline in three, as heavyweight chipmakers were hurt by Nvidia's disappointing forecast. The won weakened, while the benchmark bond yield rose.
** The benchmark KOSPI .KS11 rose 17.73 points, or 0.67%, to 2,680.01 by 02:37 GMT. For the week, the index declined 0.8%.
** Of the total 933 traded issues, 545 shares advanced while 320 declined.
** Among index heavyweights, chipmaker Samsung Electronics 005930.KS rose 0.81% and peer SK Hynix 000660.KS gained 1.77%, while battery maker LG Energy Solution 373220.KS slid 0.51%.
** For the week, Samsung Electronics and SK Hynix are down 3.99% and 6.79%, respectively.
** Hyundai Motor 005380.KS added 0.77% and sister automaker Kia Corp 000270.KS gained 3.10%, while search engine Naver 035420.KS and instant messenger Kakao 035720.KS were up 2.97% and up 1.62%, respectively.
** South Korea's factory output marked its sharpest monthly decline since Dec. 2022 in July.
** Foreigners were net buyers of shares worth 2.3 billion won on the main board on Friday.
** The won was quoted at 1,334.7 per dollar on the onshore settlement platform KRW=KFTC, 0.16% lower than its previous close at 1,332.5.
** In offshore trading, the won KRW= was quoted at 1,334.8 per dollar, down 0.1%, while in non-deliverable forward trading its one-month contract KRW1MNDFOR= was quoted at 1,331.8.
** The KOSPI has risen 0.93% so far this year, but lost 6.4% in the previous 30 trading sessions.
** The won has lost 3.5% against the dollar so far this year.
** In money and debt markets, September futures on three-year treasury bonds KTBc1 fell 0.05 point to 105.73.
** The most liquid three-year Korean treasury bond yield rose by 0.9 basis points to 2.954%, while the benchmark 10-year yield rose by 0.4 bps to 3.086%.
Reporting by Cynthia Kim; Editing by Varun H K
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