* KOSPI falls, foreigners net sellers
* Korean won weakens against U.S. dollar
* South Korea benchmark bond yield rises
SEOUL, Sept 29 (Reuters) - Round-up of South Korean
financial markets:
** South Korean shares fell about 2% on Wednesday to hit a
six-month low, dragged down by a broad sell-off in tech shares
and worries about the potential impact of a widening power
crunch in China. The won weakened, while the benchmark bond
yield rose.
** The KOSPI was down 59.20 points, or 1.91%, to
3,038.72 by 0204 GMT, after skidding as much as 2.17% to its
lowest since March 29. It had closed 1.14% lower on Tuesday.
** Among heavyweights, chip giants Samsung Electronics
and SK Hynix fell 2.75% and 3.38%,
respectively. Platform companies Naver and Kakao
fell 2.29% and 1.70%, respectively.
** All three major U.S. stock indexes closed sharply lower
on Tuesday, with interest rate-sensitive tech and tech-adjacent
stocks weighing the heaviest.
** China's power supply crunch, that has shut factories
across the country, may pose a much bigger threat to the economy
than the debt crisis at Evergrande Group.
** Foreigners were net sellers of 238.0 billion won ($201.76
million) worth of shares on the main board.
** Foreign sell-off is the main reason behind KOSPI's
decline, with rising bond yields and worries about China's power
shortage-induced supply chain bottleneck denting investor
sentiment, said Na Jeong-hwan, an analyst at Cape Investment &
Securities.
** The won was quoted at 1,186.2 per dollar on the onshore
settlement platform , 0.15% lower than its previous
close, after hitting its lowest intraday level since
mid-September 2020.
** In offshore trading, the won was quoted at 1,185.7
per dollar, while in non-deliverable forward trading its
one-month contract was quoted at 1,186.1.
** In money and debt markets, December futures on three-year
treasury bonds fell 0.11 point to 109.18.
** The benchmark 10-year yield rose by 2.2 basis points to
2.278%.
($1 = 1,179.6200 won)
(Reporting by Joori Roh; Additional reporting by Jihoon Lee;
Editing by Subhranshu Sahu)
