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S.Korean shares fall as Samsung Electronics' earnings miss expectations



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KOSPI falls, foreigners net sellers

Korean won weakens against dollar

South Korea benchmark bond yield flat

SEOUL, Oct 8 (Reuters) -Round-up of South Korean financial markets:


** South Korean shares fell on Tuesday, dragged down by losses in chipmakers, after Samsung Electronics flagged earnings below market expectations.

** The benchmark KOSPI .KS11 fell 11.79 points, or 0.45%, to 2,598.59 by 0313 GMT.

** Samsung Electronics 005930.KS fell 1.15%, after the chipmaker warned its third-quarter profit would come in below market expectations and apologised for the disappointing performance. Peer SK Hynix 000660.KS lost 2.70%.

** Korea Zinc 010130.KS dropped 1.79%, after the country's market watchdog warned the parties of an ongoing battle for control to refrain from interfering with the other side's tender offers and said that too fierce competition was undesirable.

** Among other index heavyweights, battery makers and e-commerce firms rose, but biopharmaceutical manufacturers fell.

** Of the total 936 traded issues, 316 shares advanced, while 551 declined.

** Foreigners were net sellers of shares worth 301.8 billion won ($223.94 million).

** The won was quoted at 1,348.6 per dollar on the onshore settlement platform KRW=KFTC, 0.30% lower than its previous close at 1,344.5.

** In money and debt markets, December futures on three-year treasury bonds KTBc1 rose 0.02 point to 105.82.

** Investors are keen on the result of FTSE Russell's review of the World Government Bond Index, which is scheduled to be announced later in the day, to see if South Korea will be included after two years on the watchlist.

** The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 0.4 basis points to 2.966%, while the benchmark 10-year yield KR10YT=RR fell by 0.2 basis points to 3.107%.

** South Korea's financial markets will be closed on Wednesday for a public holiday.


($1 = 1,347.7100 won)



Reporting by Jihoon Lee; Editing by Mrigank Dhaniwala

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