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
    ** 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
    ** 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
    ** The won was quoted at 1,434.0 per dollar on the onshore
settlement platform           , 0.34% higher than its previous
    ** 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)