* KOSPI rises, foreigners net buyers
* Korean won strengthens against U.S. dollar
* South Korea benchmark bond yield rises
SEOUL, July 22 (Reuters) – Round-up of South Korean
** South Korean shares rose on Thursday, tracking Wall Street’s
gains on corporate earnings and optimism over the U.S. economic
recovery, even as the Asian country clocked a record high of
COVID-19 cases. The won and benchmark bond yield strengthened.
** The benchmark KOSPI was up 25.90 points, or 0.81%, at
3,241.81, as of 0111 GMT.
** Although there was no improvement in containing the virus
both in the United States and South Korea, strong corporate
earnings are lifting investor sentiment, Na Jeong-hwan, an
analyst at Cape Investment & Securities said, adding that the
chipmakers led the index gains.
** All three major U.S. stock indexes added to their previous
session’s advance, placing all three within 1% of their all-time
** Among the winners, South Korean technology giant Samsung
Electronics rose 1.15% and peer SK Hynix
advanced 1.71%, while LG Chem edged 0.99% higher
while Naver climbed 1.87%.
** South Korean steelmaker POSCO on Thursday posted
a net profit of 1.8 trillion won ($2,072.95 trillion) for the
second quarter, beating forecasts.
** South Korea on Thursday reported a daily record of 1,842
coronavirus cases, as it struggles to tame its worst-ever wave
of outbreaks amid rising infections nationwide fuelled by the
more contagious Delta variant.
** Foreigners were net buyers of 84.1 billion won worth of
shares on the main board.
** The won was quoted at 1,151.8 per dollar on the onshore
settlement platform , 0.19% higher than its previous
close at 1,154.0.
** In offshore trading, the won was quoted at 1,151.3 per
dollar, down 0.2% from the previous day, while in
non-deliverable forward trading its one-month contract
was quoted at 1,151.1.
** The KOSPI has risen 12.82% so far this year.
** The trading volume during the session in the KOSPI index
was 271.02 million shares. Of the total traded issues of
917, the number of advancing shares was 569.
** The won weakened 5.7% against the dollar so far this year.
** In money and debt markets, September futures on three-year
treasury bonds fell 0.08 points to 110.22.
** The most liquid 3-year Korean treasury bond yield rose by 2.3
basis points to 1.406%, while the benchmark 10-year yield
elevated by 4.0 basis points to 1.917%.
($1 = 0.0009 won)
(Reporting by Cynthia Kim; Additional reporting by Jihoon Lee,
Editing by Sherry Jacob-Phillips)