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S.Korean shares rise on robust data; battery, biopharma stocks jump



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KOSPI rises, foreigners net sellers

Korean won weakens against dollar

South Korea benchmark bond yield rises

For the midday report, please click nL1N3IT016

SEOUL, July 1 (Reuters) -Round-up of South Korean financial markets:


** South Korean shares rose on Monday, as battery and biopharmaceutical stocks jumped after robust economic data.

** The won weakened on the first trading day of extended trading hours, while the benchmark bond yield rose.

** The benchmark KOSPI .KS11 closed up 6.49 points, or 0.23%, at 2,804.31.

** South Korea's exports rose for a ninth consecutive month in June, albeit at a slower pace than expected, as robust demand for chips and cars bolstered export recovery in Asia's fourth-largest economy.

** South Korea's factory activity growth quickened in June to the fastest in 26 months, as new orders jumped on improving global demand, a private-sector survey showed.

** "Stocks of recent steep losses rebounded in rotational trading," said Park Kwang-nam, an analyst at Mirae Asset Securities.

** Battery maker LG Energy Solution 373220.KS climbed 6.28%, and peer Samsung SDI 006400.KS gained 3.67%, while biopharmaceutical manufacturers Samsung Biologics 207940.KS and Celltrion 068270.KS rose 4.40% and 5.62%, respectively.

** Among other index heavyweights, automakers fell, while chipmakers were little changed.

** Of the total 930 traded issues, 381 shares advanced, while 495 declined.

** Foreigners were net sellers of shares worth 64.7 billion won ($46.91 million) on the main board.

** The won was quoted at 1,379.3 per dollar on the onshore settlement platform KRW=KFTC, 0.19% lower than its previous close at 1,376.7.

** Dollar-won trading hours from Monday will be 9 a.m. to 2 a.m. (0000 GMT to 1700 GMT), compared to 9 a.m. to 3:30 p.m. (0000 GMT to 0630 GMT) earlier.

** In money and debt markets, September futures on three-year treasury bonds KTBc1 fell 0.10 point to 105.10.

** The most liquid three-year Korean treasury bond yield rose by 7.5 basis points to 3.218%, while the benchmark 10-year yield rose by 4.5 basis points to 3.327%.


($1 = 1,379.1500 won)



Reporting by Jihoon Lee; Editing by Janane Venkatraman

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