* KOSPI rises for third straight session
* Korean won weakens against U.S. dollar
* South Korea benchmark bond yield drops
* For the midday report, please click
SEOUL, Aug 16 (Reuters) - Round-up of South Korean financial
** South Korean shares extended their gaining streak to a
third session on Tuesday to end at their highest in more than
two months, as gains in heavyweight chipmakers offset the impact
from economic slowdown concerns.
** The Korean won weakened, while the benchmark bond yield
** The benchmark KOSPI ended up 5.58 points, or
0.22%, at 2,533.52, its highest close since June 10.
** Leading the market's strength were technology giant
Samsung Electronics and peer SK Hynix,
up 1.33% and 3.64%, respectively.
** But less than 50% KOSPI shares advanced of the total 929
** Auto-parts maker Hyundai Mobis lost 3.53% as
the affiliate of Hyundai Motor said it was considering
reorganisation of business structure.
** China's central bank cut key lending rates in a surprise
move on Monday to revive demand as data showed the economy
unexpectedly slowing in July, with factory and retail activity
squeezed by Beijing's zero-COVID policy and a property crisis.
** The market lost steam with weakening expectations for
economic growth, said Huh Jae-hwan, analyst at Eugene Investment
and Securities, who saw chipmakers' gains to be little more than
** Foreigners were net buyers of 56.8 billion won ($43.40
million) worth of shares on the main board.
** The won was last quoted at 1,308.1 per dollar on the
onshore settlement platform, 0.44% lower than its
previous close at 1,302.4.
** In offshore trading, the won was quoted at 1,308.6
per dollar, up 0.1% from the previous day, while in
non-deliverable forward trading its one-month contract
was quoted at 1,307.7.
** In money and debt markets, September futures on
three-year treasury bonds jumped 0.33 point to 105.42 in
late afternoon trade.
** The most liquid 3-year Korean treasury bond yield fell by
10.3 basis points to 3.087%, while the benchmark 10-year yield
dropped by 13.8 basis points to 3.165%.
($1 = 1,308.7300 won)
(Reporting by Jihoon Lee;
Editing by Vinay Dwivedi)