*
KOSPI rises, foreigners net sellers
*
Korean won jumps over 1% against dollar
*
South Korea benchmark bond yield drops
SEOUL, Nov 24 (Reuters) - Round-up of South Korean
financial markets:
** South Korean shares rose on Thursday on hopes for a
slowdown in monetary tightening at home and abroad. The Korean
won jumped over 1%, while the benchmark bond yield dropped.
** The benchmark KOSPI rose 13.54 points, or 0.56%,
to 2,431.55 as of 0110 GMT, extending gains to a second straight
session.
** The Bank of Korea (BOK) raised interest rates by a more
modest 25 basis points on Thursday, while slashing next year's
growth projection to 1.7% from 2.1%.
** In the United States, a "substantial majority" of
policymakers at the Federal Reserve's meeting early this month
agreed it would "likely soon be appropriate" to slow the pace of
interest rate hikes, the meeting minutes showed overnight.
** "The BOK's smaller rate hike was in line with
expecations, but it was accompanied by a surprisingly huge cut
in growth projections, after the Fed affirmed to slow its
tightening pace despite robust economic indicators in recent
days," said Huh Jae-hwan, an analyst at Eugene Investment and
Seucrities.
** Among heavyweights, technology giant Samsung Electronics
rose 0.33%, peer SK Hynix gained 1.29%,
and battery maker LG Energy Solution advanced 1.25%.
** Of the total traded issues of 923, the number of
advancing shares was 580.
** Foreigners were net sellers of shares worth 59.1 billion
won ($44.20 million) on the main board.
** The won was quoted 0.98% higher at 1,338.7 per dollar on
the onshore settlement platform, after gaining as
much as 1.14%.
** In money and debt markets, December futures on three-year
treasury bonds rose 0.23 point to 103.46.
** The most liquid three-year Korean treasury bond yield
fell 9.0 basis points to 3.769%, while the benchmark 10-year
yield dropped 9.3 basis points to 3.690%.
($1 = 1,337.0900 won)
(Reporting by Jihoon Lee)