BREAKING: South Korea Shares Close at Record High

SEOUL, Nov 23 (Reuters) - Round-up of South Korean financial markets:

South Korean shares closed at a record high on Monday, as heavyweights Samsung Electronics and SK Hynix surged on improving demand and an upbeat outlook for the chip industry, even as tightening COVID-19 curbs at home capped gains.

KOSPI rose 49.09 points, or 1.92%, closing at an all-time high of 2,602.59, extending its rally for a fourth consecutive session.

Chip giants Samsung Electronics and SK Hynix surged 4.33% and 3.31%, respectively, on higher demand prospects and an optimistic 2021 earnings outlook.

South Korean exports grew 11.1% during Nov 1 to Nov 20 compared with the same period a year earlier, helped by a 21.9% rise in chip sales and improving overseas demand.

Shares of South Korean electric vehicle (EV) battery maker LG Chem rose 3.31% to a two-week high following local media reports of Tesla Inc placing battery orders for its Model Y car.

Shares of Samsung Heavy Industries jumped 15.69% to a near six-month high after the company bagged a $2.5 billion supply order.

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