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South Korean shares inch lower, but poised for best week in six



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KOSPI falls, foreigners net buyers

Korean won weakens against dollar

South Korea benchmark bond yield flat

SEOUL, Sept 27 (Reuters) -Round-up of South Korean financial markets:


** South Korean shares were on track for their best week in six, even as the benchmark index fell on Friday as losses in biopharmaceutical stocks overshadowed gains in chipmakers.

** The benchmark KOSPI .KS11 was down 4.90 points, or 0.18%, at 2,666.67, as of 0200 GMT. On Thursday, it hit the highest level since Sept. 2.

** For the week, the benchmark index was up 2.9%, set to record its biggest jump since mid-August.

** Business sentiment in South Korea weakened to the lowest level in six months in September, a central bank survey showed.

** Chipmakers extended gains, with Samsung Electronics 005930.KS rising 0.15% and SK Hynix 000660.KS climbing 2.82%, after the Philadelphia Semiconductor Index .SOX jumped 4% overnight.

** Most other index heavyweights traded flattish. Biopharmaceutical manufacturers dropped more than 2%.

** Of the total 934 traded issues, 426 shares advanced, while 439 declined.

** Foreigners were net buyers of shares worth 257.1 billion won ($194.86 million).

** The won was quoted at 1,319.7 per dollar on the onshore settlement platform KRW=KFTC, 0.13% lower than its previous close at 1,318.0.

** In money and debt markets, December futures on three-year treasury bonds KTBc1 fell 0.03 point to 106.34.

** The most liquid three-year Korean treasury bond yield rose by 0.9 basis point to 2.822%, while the benchmark 10-year yield was flat at 2.999%.


($1 = 1,319.4200 won)



Reporting by Jihoon Lee; Editing by Subhranshu Sahu

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