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S.Korean shares set for first monthly drop in three on downturn fears

        * 
      Auto, battery makers drag KOSPI lower
    

        * 
      Korean won strengthens against U.S. dollar
    

        * 
      South Korea benchmark bond yield drops
    

  
       SEOUL, Sept 30 (Reuters) - Round-up of South Korean
financial markets:
    ** South Korean shares fell on Friday, set for a first
monthly loss in three, as auto and battery stocks tracked a
slump in their U.S. peers on worries of a global economic
slowdown and weaker demand. 
    ** The Korean won strengthened, while the benchmark bond
yield dropped after South Korea was added to the watch-list for
inclusion in FTSE Russell's World Government Bond Index (WGBI).
    ** The KOSPI         was down 11.40 points, or 0.53%, at
2,159.53, as of 0140 GMT. Earlier in the session, the index
dropped as much as 1.67% to the lowest intraday level since
early July 2020.
    ** The benchmark index was set to end the week with a more
than 5% loss, the biggest since mid-June, and down 12% for the
month.
    ** South Korean President Yoon Suk-yeol on Friday called for
more sense of urgency in dealing with heightened volatility in
financial markets.             
    ** Leading losses were automakers and electric vehicle
battery manufacturers. Shares of Hyundai Motor             and
Kia Corp             lost 2.48% and 2.82%, respectively, while
LG Energy Solution             fell 2.84%, Samsung SDI
            dropped 3.36%, and SK Innovation             slumped
1.71%.
    ** Electric vehicle stocks tumbled on Wall Street overnight,
with Tesla          down 6.8%, on growing concerns over economic
growth. General Motors Co        and Ford Motor Co       fell
more than 5% each.                          
    ** "Still, chip shares held up well despite Micron
Technology's downbeat earnings announcement, capping losses in
the index," said Seo Sang-young, an analyst at Mirae Asset
Securities.
    ** The won was quoted at 1,434.0 per dollar on the onshore
settlement platform           , 0.34% higher than its previous
close.
    ** The currency weakened 1.5% so far this week, the eighth
in a row, and 6.5% for the month, the biggest in 11 years.
    ** In money and debt markets, December futures on three-year
treasury bonds         rose 0.24 point to 101.76.
    ** FTSE Russell, a global index provider, said on Thursday
it has added South Korea to a watch list for potential inclusion
in its World Government Bond Index.                 
    ** The most liquid 3-year Korean treasury bond yield fell by
7.9 basis points to 4.244%, while the benchmark 10-year yield
dropped 9.9 basis points to 4.128%.
     ($1 = 1,433.1500 won)
 (Reporting by Jihoon Lee; Editing by Sherry Jacob-Phillips)
  
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