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KOSPI falls, foreigners net buyers

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Korean won strengthens against dollar

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South Korea benchmark bond yield falls

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For the midday report, please click

SEOUL, May 2 (Reuters) - Round-up of South Korean

financial markets:

** South Korean shares fell on Thursday after the U.S.

Federal Reserve's policy meeting outcome and follow-up measures

to a domestic corporate reform push.

** The won strengthened, while the benchmark bond yield

fell.

** The benchmark KOSPI closed down 8.41 points, or

0.31%, at 2,683.65, snapping a three-session rally.

** "Market worries about another rate hike eased after the

Fed's meeting, but there was nothing new in the government's

announcement of follow-up measures, although investors had

expected tax benefits," said Na Jeong-hwan, an analyst at NH

Investment Securities.

** The Fed held interest rates steady on Wednesday and

signalled it was still leaning towards eventual reductions in

borrowing costs, but put a red flag on recent disappointing

inflation readings that could make those rate cuts a while in

coming.

** South Korea's financial regulator proposed detailed

guidelines for companies if they choose to participate in the

government's reform programme aimed at enhancing shareholder

value.

** The Finance-major index fell 2.06% and the

Securities-minor index lost 1.48%, making themselves the

biggest-declining sub-indexes.

** Foreigners were net buyers of shares worth 5.7 billion

won ($4.14 million).

** The won ended onshore trade at 1,375.9 per

dollar, 0.44% higher than its previous close at 1,382.0.

** In money and debt markets, June futures on three-year

treasury bonds rose 0.08 point to 104.15.

** The most liquid three-year Korean treasury bond yield

fell by 2.2 basis points to 3.508%, while the benchmark 10-year

yield fell by 2.0 basis points to 3.636%.

($1 = 1,376.1600 won)