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KOSPI falls, foreigners net sellers
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Korean won weakens against dollar
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South Korea benchmark bond yield rises
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For the midday report, please click
SEOUL, Dec 16 (Reuters) - Round-up of South Korean
financial markets:
** South Korean shares closed slightly lower on Monday,
snapping four sessions of gains as investors shifted focus to
the U.S. Federal Reserve's policy meeting this week amid eased
political tensions at home.
** The benchmark KOSPI closed down 5.49 points, or
0.22%, at 2,488.97, after rising as much as 0.85% to its highest
level since Nov. 27 earlier in the session.
** South Korean shares rose for a fourth straight session on
Friday on hopes that political uncertainty would ease after the
parliamentary vote to impeach the president.
** South Korea's Constitutional Court on Monday began
reviewing the impeachment of President Yoon Suk Yeol over his
Dec. 3 martial law attempt, starting a process to decide if he
will be removed from office, after a parliamentary vote on
Saturday in favour of impeachment.
** "Investors were seen booking profits amid eased political
uncertainty," said Na Jeong-hwan, an analyst at NH Investment
Securities.
** "Next market-moving event will be election, but that will
take time. So for now, investor focus is on the U.S. Federal
Reserve's policy meeting this week," Jeong-hwan said.
** The U.S. Federal Reserve is expected to cut interest
rates by a quarter of a percentage point at its Dec. 17-18
meeting.
** South Korea's finance ministry said authorities would
continue to monitor financial and foreign exchange markets.
** Foreigners were net sellers of shares worth 476.4 billion
won ($331.86 million).
** Among index heavyweights, chipmaker Samsung Electronics ( SSNLF )
fell 0.89% and peer SK Hynix ( HXSCF ) gained
2.17%, while battery maker LG Energy Solution slid
0.50%.
** Of the total 940 traded issues, 491 shares advanced,
while 398 declined.
** The won was quoted at 1,436.4 per dollar on the onshore
settlement platform, 0.08% lower than its previous
close at 1,435.2.
** The most liquid three-year Korean treasury bond yield
rose by 1.1 basis points to 2.552%, while the
benchmark 10-year yield rose by 4.5 basis points to
2.721%.
($1 = 1,435.5300 won)
(Reporting by Jihoon Lee; Editing by Abinaya Vijayaraghavan)