* KOSPI falls, foreigners net sellers
* Korean won weakens against dollar
* South Korea benchmark bond yield steady
SEOUL, May 17 (Reuters) - Round-up of South Korean financial markets:
** South Korean shares fell on Friday as traders locked in profit after the benchmark index hit a six-week high in the previous session, but were on track for a fourth straight weekly gain on bets for rate cuts in the world's biggest economy.
** The benchmark KOSPI was down 17.82 points, or 0.65%, at 2,735.18, as of 0141 GMT.
** For the week, the KOSPI index has so far gained 0.3%.
** Federal Reserve officials haven't openly shifted views yet about the timing of rate cuts, although investors are convinced it will start this year after data showed a slowdown in U.S. inflation.
** South Korean chipmakers and battery makers led the decline in the benchmark index. Shares of Samsung Electronics fell 0.51% and peer SK Hynix lost 0.83%, while Samsung SDI and SK Innovation were down 1.36% and 1.73%, respectively.
** Of the total 932 traded issues, 271 shares advanced, while 607 declined.
** Foreigners were net sellers of shares worth 218.1 billion won ($161.09 million) on the main board.
** The won was quoted at 1,356.2 per dollar on the onshore settlement platform, 0.83% lower than its previous close at 1,345.0.
** In money and debt markets, June futures on three-year treasury bonds was unchanged at 104.54.
** The most liquid three-year Korean treasury bond yield rose by 0.3 basis point to 3.377%, while the benchmark 10-year yield rose by 0.2 basis point to 3.456%.
($1 = 1,353.9400 won) (Reporting by Jihoon Lee; Editing by Sherry Jacob-Phillips)
