* KOSPI falls 6% this week, biggest since late Jan
* Korean won weakens against U.S. dollar
* South Korea benchmark bond yield rises
* For the midday report, please click
SEOUL, June 17 (Reuters) - Round-up of South Korean
financial markets:
** South Korean shares fell on Friday to post their worst
week in nearly five months, as a flurry of interest rate hikes
across the globe this week raised fears of a recession. The
Korean won weakened, while the benchmark bond yield rose.
** The benchmark KOSPI slipped 10.48 points, or
0.43%, to 2,440.93, marking its lowest close since Nov. 6, 2020.
The index fell 2.24% in early trade.
** For the week, the KOSPI fell 5.97% - its sharpest weekly
drop since late January.
** Faster tightening by central banks fanned recession
worries, said Daishin Securities' analyst Lee Kyoung-min, adding
that the local stock market recovered some losses in afternoon
trade after a rebound in U.S. stock futures.
** Following the Fed's 75-basis-point rate hike, the Bank of
England raised interest rates by 25 basis points on Thursday.
** Among heavyweights, technology giant Samsung Electronics
dropped 1.81% and peer SK Hynix fell
1.03%, while battery maker LG Energy Solution lost
0.35%.
** Foreigners were net sellers of 687.1 billion won ($533.02
million) worth of shares on the main board.
** The won was last quoted at 1,287.3 per dollar on the
onshore settlement platform, 0.13% lower than its
previous close. The currency weakened 1.43% for the week.
** In offshore trading, the won was quoted flat at
1,288.5 per dollar, while in non-deliverable forward trading its
one-month contract was quoted at 1,288.7.
** In money and debt markets, June futures on three-year
treasury bonds fell 0.03 point to 103.57 in late
afternoon trade.
** The most liquid 3-year Korean treasury bond yield rose by
1.1 basis points to 3.741%, while the benchmark 10-year yield
rose by 3.0 basis points to 3.790%.
($1 = 1,289.0800 won)
(Reporting by Jihoon Lee)