* KOSPI rises, foreigners net buyers
* Korean won strengthens against U.S. dollar
* South Korea benchmark bond yield falls
* For the midday report, please click
SEOUL, Jan 12 (Reuters) - Round-up of South Korean financial
markets:
** South Korean shares marked their best day in six weeks on
Wednesday, as investors appeared pleased with a less-hawkish
stance by the U.S. Federal Reserve Chair Jerome Powell. The
Korean won strengthened, while the benchmark bond yield fell.
** The benchmark KOSPI ended up 45.10 points, or
1.54%, at 2,972.48, logging the sharpest rise since Dec. 2.
** Most heavyweights gained, with Samsung Biologics
and Naver rising 2.88% and 3.13%,
respectively, while LG Chem added 5.31%.
** The KOSPI index tracked overnight gains on Wall Street
after Powell pledged to tackle inflation to support economic
growth and said the U.S. central bank was ready for the start of
tighter monetary policy.
** Meanwhile, a Reuters poll showed the Bank of Korea is
seen raising its policy rate to 1.25% at its Friday meeting to
restrain inflationary risks and the increasing debt that
households are taking on to buy property.
** Investor focus was also on U.S. December inflation data
expected later in the day, with headline CPI seen coming in at a
red-hot 7% on a year-on-year basis.
** Foreigners were net buyers of 452 billion won ($379.67
million) worth of shares on the main board.
** The won ended at 1,190.5 per dollar on the onshore
settlement platform, 0.35% higher than its previous
close. The unit strengthened to its highest level in more than
one week.
** In offshore trading, the won was quoted at
1,190.4, while in non-deliverable forward trading its one-month
contract was quoted at 1,190.9.
** In money and debt markets, March futures on three-year
treasury bonds rose 0.12 point to 108.47.
** The most liquid 3-year Korean treasury bond yield fell by
3.4 basis points to 2.004%, while the benchmark 10-year yield
dropped by 5.1 basis points to 2.434%.
($1 = 1,190.5000 won)
(Reporting by Joori Roh; Editing by Sherry Jacob-Phillips)