* KOSPI falls 1.8%, ends three-day rise
* Korean won posts worst day in 16 months
* South Korea benchmark bond yield flat
* For the midday report, please click
SEOUL, June 29 (Reuters) - Round-up of South Korean
** South Korean shares dropped 1.8% on Wednesday as worries
resurfaced about a recession from high inflation and monetary
policy tightening. The won posted its worst daily performance in
16 months, while the benchmark bond yield was flat.
** The benchmark KOSPI ended down 44.10 points, or
1.82%, at 2,377.99, snapping a three-session rising streak.
** Both in the United States and South Korea, consumer
confidence fell sharply in June amid worries about high
** Recession worries after weak U.S. data and fears of a big
interest rate hike from the Bank of Korea due to rising
inflation expectations weighed on the market, said Daishin
Securities' analyst Lee Kyoung-min.
** Among heavyweights, technology giant Samsung Electronics
and peer SK Hynix fell 2.36% and 1.36%
respectively, tracking a sharp drop of the Philadelphia
Semiconductor Index overnight.
** LG Energy Solution lost 4.63% after the
battery maker said it would re-evaluate its investment plan for
a standalone Arizona battery factory. Its parent company LG Chem
** Hyundai Motor and Kia Corp fell
5.65% and 6.11%, respectively, after German authorities raided
the automakers over allegations that they put over 210,000
diesel vehicles with suspected illegal defeat devices onto the
** Kakaobank declined 7.85% to its lowest-ever
close since the August 2021 listing after a local brokerage's
unusual "underperform" rating.
** Foreigners were net sellers of 226.1 billion won ($174.07
million) worth of shares on the main board.
** The won was last quoted at 1,299.0 per dollar on the
onshore settlement platform, 1.20% lower than its
previous close. The currency posted its worst daily performance
since Feb. 26, 2021.
** In money and debt markets, September futures on
three-year treasury bonds rose 0.08 point to 103.46 in
late afternoon trade.
** The most liquid 3-year Korean treasury bond yield rose by
1.4 basis points to 3.553%, while the benchmark 10-year yield
fell by 0.3 basis point to 3.661%.
($1 = 1,298.9300 won)
(Reporting by Jihoon Lee; Editing by Subhranshu Sahu)