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S.Korean shares end lower as chip, battery makers drag; Powell in focus



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KOSPI falls, foreigners net sellers

Korean won strengthens against dollar

South Korea benchmark bond yield rises

For the midday report, please click nL1N3KA02A

SEOUL, Aug 23 (Reuters) -Round-up of South Korean financial markets:


** South Korean shares fell on Friday as chip and battery makers tracked U.S. tech stocks lower, with investors globally awaiting a speech from U.S. Federal Reserve Chair Jerome Powell.

** The benchmark KOSPI .KS11 closed down 5.98 points, or 0.22%, at 2,701.69, after falling as much as 0.67% earlier in the session.

** The KOSPI ended the week with a gain of 0.17% after last week's 4.2% rise, which was the biggest since late January.

** Powell is scheduled to give a speech at Jackson Hole later in the day.

** "The market was in a cautious, wait-and-see mode with trading volume shrinking ahead of Powell's speech, which will set next week's market direction," said Lee Kyoung-min, an analyst at Daishin Securities.

** Chipmaker Samsung Electronics 005930.KS fell 0.77% and peer SK Hynix 000660.KS lost 2.93%, after the Philadelphia Semiconductor Index .SOX closed more than 3% lower overnight.

** Battery maker LG Energy Solution 373220.KS slid 1.10%, while peers Samsung SDI 006400.KS and SK Innovation 096770.KS lost 1.49% and 0.75%, respectively.

** Among other index heavyweights, automakers rose more than 1%, while e-commerce and biopharmaceutical stocks were little changed.

** Of the total 937 traded issues, 428 shares advanced, while 432 declined.

** Foreigners were net sellers of shares worth 241.9 billion won ($180.69 million).

** The won was quoted at 1,338.8 per dollar on the onshore settlement platform KRW=KFTC, 0.35% higher than its previous close at 1,343.5.

** In money and debt markets, September futures on three-year treasury bonds KTBc1 fell 0.06 point to 105.92.

** The most liquid three-year Korean treasury bond yield rose by 1.7 basis points to 2.924%, while the benchmark 10-year yield rose by 1.9 basis points to 3.005%.


($1 = 1,338.7900 won)



Reporting by Jihoon Lee; Editing by Subhranshu Sahu

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