South Korean shares track Wall Street lower, tech stocks drag


KOSPI falls, foreigners net buyers


Korean won weakens against dollar


South Korea benchmark bond yield rises

SEOUL, Feb 9 (Reuters) – Round-up of South Korean financial markets:

** South Korean shares on Thursday tracked overnight weakness on Wall Street, with chipmakers and online platform providers reversing their previous session’s gains. The Korean won weakened, while the benchmark bond yield rose.

** The benchmark KOSPI fell 9.60 points, or 0.39%, to 2,474.04 by 0059 GMT.

** Chipmakers and online platform operators weakened in line with U.S. tech peers. Technology giant Samsung Electronics fell 0.79% and peer SK Hynix lost 1.90%.

** Search engine Naver slid 1.30%, while instant messenger Kakao fell 1.45%, with its financial service affiliates Kakaobank and Kakaopay dropping 3.01% and 2.85%, respectively.

** Alphabet Inc lost $100 billion in market value on Wednesday after its new chatbot shared inaccurate information in a promotional video and a company event failed to dazzle.

** “Investors took profits from the gains in the last session, with the upward momentum for the benchmark index losing steam,” said Seo Jung-hun, an analyst at Samsung Securities.

** Of the total 929 issues traded, 288 shares advanced.

** Foreigners were net buyers of local stocks, by a narrow margin of 8.8 billion won ($6.96 million).

** The won was quoted at 1,264.9 per dollar on the onshore settlement platform, down 0.38%.

** In money and debt markets, March futures on three-year treasury bonds fell 0.11 point to 104.58.

** The most liquid three-year Korean treasury bond yield rose by 3.1 basis points to 3.374%, while the benchmark 10-year yield rose by 1.7 basis points to 3.339%. ($1 = 1,264.8000 won) (Reporting by Jihoon Lee; editing by Uttaresh.V)