S.Korea stocks track Wall St gains, U.S. inflation data in focus - NewsBreak

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By Poppy in Business
Updated 3 years ago

* KOSPI rises, foreigners net buyers * Korean won strengthens against U.S. dollar * South Korea benchmark bond yield rises SEOUL, Sept 14 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares rose on Tuesday, driven by strong foreign buying following overnight gains on Wall Street, while investors awaited U.S. August inflation data due later in the day. The won strengthened and the benchmark bond yield rose. ** The KOSPI rose 27.12 points, or 0.87%, to 3,154.98 as of 0205 GMT, set to extend gains to a third session. ** Chip giants Samsung Electronics and SK Hynix jumped 1.70% and 1.41%, respectively, while web portal firm Naver dropped 2.57% and platform company Kakao slid 4.02%. ** Foreigners were net buyers of 224.5 billion won ($191.46 million) worth of shares on the main board. ** Meanwhile, market participants focussed on U.S. consumer price data for a broad picture of the country's economic recovery ahead of the Federal Reserve's meeting next week. ** The

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