South Korean shares little changed, China COVID situation in focus
KOSPI in narrow range, foreigners net sellers
Korean won up slightly against dollar
South Korea benchmark bond yield inches up
SEOUL, Nov 29 (Reuters) - Round-up of South Korean financial markets:
** South Korean shares traded flat on Tuesday, following a sharp drop in the previous session, as caution prevailed over China's COVID-19 outbreaks. The Korean won strengthened slightly, while the benchmark bond yield inched up.
** The benchmark KOSPI .KS11 was up 2.43 points, or 0.10%, at 2,410.70 as of 0107 GMT.
** The index traded in a narrow range of -0.3% and +0.3% in morning trade, after closing Monday's session down 1.2%.
** "The local market is holding up better, after falling ahead of Wall Street in the previous session," said Eugene Investment and Securities' analyst Huh Jae-hwan. "The most important (factor) is COVID-19 in China."
** China reported 38,645 new COVID-19 infections for Monday, slightly fewer than 40,347 a day earlier.
** Meanwhile, South Korea's government and the central bank should pay greater focus on addressing any financial instability as the economy is headed for slower inflation, President Yoon Suk-yeol told Reuters.
** Among heavyweights, technology giant Samsung Electronics 005930.KS fell 0.33%, while peer SK Hynix 000660.KS gained 0.36% and battery maker LG Energy Solution 373220.KS added 0.36%.
** Korean Air 003490.KS and Asiana Airlines 020560.KS jumped 3.46% and 12.82%, respectively, after UK authorities said they might accept their merger.
** Of the total traded issues of 924, the number of advancing shares were 380.
** Foreigners were net sellers of shares worth 60.6 billion won ($45.26 million) on the main board.
** The won was quoted at 1,339.0 per dollar on the onshore settlement platform KRW=KFTC , 0.09% higher.
** In money and debt markets, December futures on three-year treasury bonds KTBc1 fell 0.02 point to 103.72.
** The most liquid three-year Korean treasury bond yield rose by 0.6 basis point to 3.676%, while the benchmark 10-year yield rose by 2.8 basis points to 3.638%. ($1 = 1,338.8800 won)
Reporting by Jihoon Lee; editing by Uttaresh.V
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