* KOSPI falls over 1%, foreigners net sellers
* Korean won weakens against U.S. dollar
* South Korea benchmark bond yield falls
* For the midday report, please click
SEOUL, May 19 (Reuters) - Round-up of South Korean financial
markets:
** South Korean shares fell over 1% on Thursday, tracking
the overnight plunge in Wall Street, as investors fretted over
global economic slowdown and inflationary pressures. The Korean
won weakened, while the benchmark bond yield fell.
** The benchmark KOSPI closed down 33.64 points, or
1.28%, at 2,592.34, after two sessions of gains.
** Concerns about weaker corporate earnings and economic
recession due to inflation shocks re-emerged after U.S. retail
companies' earnings results, said Daishin Securities' analyst
Lee Kyoung-min.
** In the United States, Target Corp's quarterly profit
halved and it warned on Wednesday of a bigger margin hit this
year due to rising fuel and freight costs.
** China's COVID-hit financial hub will start to allow more
businesses in zero-COVID areas to resume normal operations,
alleviating some concerns over supply chain disruptions.
** Among the heavyweights, technology giant Samsung
Electronics fell 0.88% and peer SK Hynix
dropped 2.20%, while battery maker LG Energy Solution
rose 1.34%.
** Foreigners were net sellers of 96.9 billion won ($75.82
million) worth of shares on the main board.
** Of the total traded issues of 927, 123 shares rose.
** The won was last quoted at 1,277.7 per dollar on the
onshore settlement platform, 0.87% lower than its
previous close at 1,266.6, snapping a four-day gaining streak.
** In offshore trading, the won was quoted at 1,277.5
per dollar, down 0.2% from the previous day, while in
non-deliverable forward trading its one-month contract
was quoted at 1,277.4.
** In money and debt markets, June futures on three-year
treasury bonds rose 0.04 points to 105.31 in late
afternoon trade.
** The most liquid 3-year Korean treasury bond yield fell
2.6 basis points to 3.046%, while the benchmark 10-year yield
dipped 0.9 basis point to 3.311%.
($1 = 1,278.0700 won)
(Reporting by Jihoon Lee; Editing by Sherry Jacob-Phillips)