* KOSPI rises for fourth straight day

* Korean received strengthens towards U.S. greenback

* South Korea benchmark bond yield edges up

SEOUL, July 28 (Reuters) – Spherical-up of South Korean
monetary markets:

** South Korean shares rose on Thursday to their highest in additional
than a month, after the U.S. central financial institution delivered an curiosity
charge hike according to expectation and its chairman sounded much less
hawkish on future charge will increase. The Korean received strengthened,
whereas the benchmark bond yield inched up.

** The benchmark KOSPI was up 16.72 factors, or
0.69%, at 2,432.25, as of 0128 GMT, after rising as a lot as
1.16% earlier within the day to its highest stage since June 20.

** The index rose for a fourth straight session, heading for
its longest profitable streak since early March.

** The U.S. Federal Reserve raised its base charge by 75 foundation
factors, as broadly anticipated, and its Chair Jerome Powell dropped
steering on the dimensions of the subsequent charge rise and famous that “at
some level” it might be applicable to decelerate.

** South Korea’s finance minister reaffirmed the
authorities’s willpower to stabilise the native bond market in
case of elevated volatility.

** Buyers noticed the Fed end result somewhat dovish, and
firms have additionally posted comparably strong earnings thus far,
mentioned Samsung Securities’ analyst Search engine marketing Jung-hun.

** Expertise big Samsung Electronics traded
flat after it reported a 12% rise in quarterly revenue on strong
gross sales of server reminiscence chips, however mentioned cell and PC chip demand
would proceed to weaken as macroeconomic uncertainties persist.

** SK Hynix fell 0.50%, whereas battery maker LG
Vitality Resolution jumped 3.94% and its dad or mum firm
LG Chem rose 4.6%.

** Foreigners had been web consumers of 76.Zero billion received ($58.32
million) value of shares on the primary board.

** The received was quoted at 1,308.1 per greenback on the onshore
settlement platform , 0.40% greater than its earlier
shut.

** Probably the most liquid 3-year Korean treasury bond yield fell by
4.1 foundation factors to three.060%, whereas the benchmark 10-year yield
rose by 1.Four foundation factors to three.146%.

($1 = 1,303.2000 received)

(Reporting by Jihoon Lee; Enhancing by Subhranshu Sahu)
((jihoon.lee@thomsonreuters.com;))

Key phrases: SOUTHKOREA MARKETS/MIDDAY

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