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KOSPI falls, foreigners net sellers

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Korean won turns higher against dollar

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South Korea benchmark bond yield inches up

SEOUL, Nov 22 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares edged lower for a second straight session on Tuesday, as worries about China's COVID-19 outbreaks hurting global economy weighed on sentiment. The Korean won turned higher, while the benchmark bond yield inched up.

** The benchmark KOSPI was down 2.98 points, or 0.12%, to 2,416.52, after falling as much as 0.74%. Losses were somewhat capped following a more than 1% drop on Monday.

** "China's reopening hopes were one of major drivers in the recent rally, but fresh outbreaks renewed worries over lockdown measures," said Seo Jung-hun, an analyst at Samsung Securities.

** South Korea's central bank is expected to scale back its tightening pace on Thursday and hike rates by a modest 25 basis points amid signs of slowing domestic growth, a Reuters poll showed.

** Among heavyweights, technology giant Samsung Electronics fell 0.81%, but peer SK Hynix gained 0.12% and battery maker LG Energy Solution advanced 0.17%.

** Meritz Financial Group rose 29.91%, with Mertiz Securities and Meritz Fire and Insurances up 29.87% and 29.97%, respectively, reaching the upper daily limits on an announcement of corporate governance restructuring to enhance shareholder value.

** Of the total 928 traded issues, 353 shares rose.

** Foreigners were net sellers of shares worth 74.9 billion won ($55.30 million).

** The won traded as high as 0.14% at 1,352.8 per dollar on the onshore settlement platform, reversing early losses of 0.60%.

** In money and debt markets, December futures on three-year treasury bonds rose 0.10 point to 103.28.

** The most liquid three-year Korean treasury bond yield fell by 2.1 basis points to 3.812%, while the benchmark 10-year yield rose by 1.0 basis points to 3.773%. ($1 = 1,354.3500 won) (Reporting by Jihoon Lee; Editing by Rashmi Aich)