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** South Korean shares rose to a record high on Monday, as Samsung Electronics jumped on investor optimism around the semiconductor industry.
** The benchmark KOSPI was up 25.13 points, or 0.73%, at 3,470.37 as of 0223 GMT, after rising as much as 1.07% to the highest level on record.
** Shares of South Korean chipmakers rose even after the Philadelphia Semiconductor Index fell on Friday. They have been leading the KOSPI’s rally this month on hopes of robust chip demand driven by the artificial intelligence boom.
** Chipmaker Samsung Electronics rose 4.89%, hitting its highest since August 2024, while peer SK Hynix gained 0.78%.
** Investor focus is on U.S. chip rival Micron Technology’s earning release later this week for clues on the industry outlook. ** Among other index heavyweights, battery maker LG Energy Solution climbed 0.29%, while Hyundai Motor and sister automaker Kia Corp were up 1.64% and unchanged, respectively. ** Steelmaker POSCO Holdings shed 1.06%, while drugmaker Samsung BioLogics fell 0.29%.
** Of the total 929 traded issues, 322 shares advanced, while 550 declined.
** Foreigners were net buyers of shares worth 387.9 billion won ($278.40 million).
** The won was quoted at 1,393.4 per dollar on the onshore settlement platform, 0.26% higher than its previous close at 1,397.0.
** In money and debt markets, December futures on three-year treasury bonds lost 0.05 point to 107.24.
** The most liquid three-year Korean treasury bond yield rose by 1.6 basis points to 2.453%, while the benchmark 10-year yield rose by 4.3 basis points to 2.833%. ($1 = 1,393.3000 won).
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