* KOSPI rises, foreigners net sellers
* Korean won weakens against U.S. dollar
* South Korea benchmark bond yield falls
SEOUL, Jan 28 (Reuters) - Round-up of South Korean financial
** South Korean shares rose on Friday, but were poised for the
sharpest weekly drop in nearly two years as investors were
rattled by the U.S. Federal Reserve's pivot to policy tightening
and rate hikes and a resurgence of local COVID-19 cases.
** The Korean won weakened, while the benchmark bond yield fell.
** The benchmark KOSPI was up 1.40%, or 36.55 points, at
2,650.89, as of 0301 GMT. For the week, the index slumped 6.4%
so far, the sharpest loss since mid-March 2020.
** Among the heavyweights, technology giant Samsung Electronics
rose 3.09% and peer SK Hynix climbed
6.61%, while LG Chem advanced 3.93% and Naver
** South Korea reported 16,096 new coronavirus cases for
Thursday, another daily record after posting 14,518 a day
before, amid the spread of the highly infectious Omicron
variant, the Korea Disease Control and Prevention Agency said.
** Foreigners were net sellers of 492.8 billion won ($409.03
million) worth of shares on the main board.
** The won was quoted at 1,204.8 per dollar on the onshore
settlement platform, 0.17% lower than its previous
close at 1,202.8.
** In offshore trading, the won was quoted at 1,204.7 per
dollar, down 0.1% from the previous day, while in
non-deliverable forward trading its one-month contract
was quoted at 1,205.5.
** The KOSPI lost 10.97% so far this year, but down 12.5% in the
previous 30 trading sessions.
** The trading volume during the session in the KOSPI index
was 253.89 million shares. Of the total traded issues of
931, the number of advancing shares was 798.
** The won weakened 1.3% against the dollar so far this year.
** In money and debt markets, March futures on three-year
treasury bonds rose 0.07 points to 107.93.
** The most liquid 3-year Korean treasury bond yield fell by 1.4
basis points to 2.203%, while the benchmark 10-year yield
dropped 1.2 basis points to 2.600%.
($1 = 1,204.7900 won)
(Reporting by Cynthia Kim; Editing by Sherry Jacob-Phillips)