S.Korea stocks topple 3% on Wall St tech rout, greater U.S. yields

S.Korea stocks topple 3% on Wall St tech rout, greater U.S. yields

    KOSPI falls, foreigners obtain sellers
    Korean won weakens against U.S. dollar
    South Korea benchmark bond yield rises

    SEOUL, Feb 26 (Reuters) - Round-up of South Korean financial
    South Korean shares tumbled on Friday, reversing practically
all positive aspects clocked within the old session, as a tech rout on
Wall Boulevard and a steep rise in U.S. Treasury yields weighed.
The won weakened, while the benchmark bond yield rose.
    The benchmark KOSPI         fell 85.74 parts, or 2.77%,
to 3,013.95 by 0143 GMT, after jumping 3.50% within the old
    A topple in skills shares sank Wall Boulevard overnight,
while the U.S. Treasury yields vaulted to their very best since
the pandemic started on expectations of a discover economic
growth and connected inflation.     
    Most heavyweights slid, with skills giants Samsung
Electronics             and gaze SK Hynix             slumping
3.63% and 4.38%, respectively, while Naver             and LG
Chem             fell 2.35%-4.83%.
    Within the period in-between, South Korea's exports seemingly grew for a fourth
straight month in February, a Reuters pollshowed, thanks to
making improvements to worldwide commerce, hopes of a vaccine-led restoration and
ask for semiconductors and cars. Chubby-month data is due on
March 1.             
    The Bank of Korea plans to diagram outright purchases of
treasury bonds payment around 5 to 7 trillion won ($4.5-$6.3
billion) all over the main half of of the year, a day after it saved
the benchmark ardour payment              celebrated.             
    Foreigners were obtain sellers of 857.0 billion won ($764.34
million) payment of shares on the foremost board. 
    The won was as soon as quoted at 1,120.9 per dollar on the onshore
settlement platform           , down 1.17%.
    In offshore trading, the won        was as soon as quoted at
1,119.5, while in non-deliverable forward trading its one-month
contract               was as soon as quoted at 1,119.4.
    The most liquid 3-year Korean treasury bond yield rose by
2.8 foundation parts to 1.022%, while the benchmark 10-year yield
rose by 7.8 foundation parts to 1.959%.

($1 = 1,121.2300 won)

 (Reporting by Joori Roh)

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