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South Korean shares fall over 2% after Wall Street's tech slump



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KOSPI falls, foreigners net sellers

Korean won strengthens against dollar

South Korea benchmark bond yield falls

SEOUL, Sept 4 (Reuters) -Round-up of South Korean financial markets:


** South Korean shares fell more than 2% on Wednesday, as chipmakers tracked an overnight slump in Wall Street's technology stocks.

** The benchmark KOSPI .KS11 fell 70.81 points, or 2.66%, to 2,593.82 by 0042 GMT.

** The KOSPI hit the lowest level since Aug. 9 and is set for its worst session since Aug. 5.

** Chipmaker Samsung Electronics 005930.KS fell 2.62%, while peer SK Hynix 000660.KS lost 6.06%. They account for a combined 30% of the benchmark index by market value.

** U.S. stocks slumped on Tuesday, with artificial intelligence firm Nvidia NVDA.O dropping nearly 10%, after data showed manufacturing activity remained subdued. The Philadelphia Semiconductor index .SOX fell 7.8%. .N

** Battery makers LG Energy Solution 373220.KS and Samsung SDI 006400.KS fell more than 2%, e-commerce firms lost more than 3%, while automakers and biopharmaceutical manufacturers were also down more than 1%.

** Of the total 925 traded issues, only 44 shares advanced, while 866 declined.

** Foreigners were net sellers of shares worth 161.7 billion won ($120.54 million).

** The won was quoted at 1,341.7 per dollar on the onshore settlement platform KRW=KFTC, 0.28% higher than its previous close at 1,345.4.

** In money and debt markets, September futures on three-year treasury bonds KTBc1 rose 0.12 point to 105.77.

** The most liquid three-year Korean treasury bond yield fell by 5.3 basis points to 2.941%, while the benchmark 10-year yield fell by 5.3 basis points to 3.074%.


($1 = 1,341.4600 won)



Reporting by Jihoon Lee; Editing by Rashmi Aich

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