* KOSPI rises, foreigners net buyers for 10th session
* Korean won strengthens against U.S. dollar
* South Korea benchmark bond yield falls
* For the midday report, please click
SEOUL, Nov 18 (Reuters) - Round-up of South Korean financial
markets:
** South Korean shares rose on Wednesday as investors
focused on hopes of additional stimulus from the U.S. Federal
Reserve, but worries about rising COVID-19 cases globally and
tougher coronavirus-related curbs at home capped gains. The won
gained, while the benchmark bond yield fell.
** KOSPI closed up 6.49 points, or 0.26%, at
2,545.64, reversing a 0.15% decline in the previous session.
** Fed Chairman Jerome Powell said on Tuesday the economy
would continue to need both fiscal and monetary policy support,
adding its commitment to using all tools to support recovery.
** South Korea reported 313 new daily COVID-19 cases, the
highest since August, prompting authorities to tighten social
distancing rules.
** Shares of Samsung BioLogics Co Ltd jumped
4.91% after the company said on Tuesday it is mass-producing a
COVID-19 antibody treatment developed by Eli Lilly and Co
, as the United States began distributing the drug last
week after emergency-use approval.
** Hyundai Motor Co shares slid 1.64% as the
company is being sued over a string of battery fires in its
electric vehicles.
** Foreigners were net buyers for the tenth straight
session, their longest buying spree since September 2019,
purchasing a total net 5.2 trillion won ($4.71 billion) worth of
shares on the main board.
** "Given KOSPI's recent and rapid rally, adjustments would
be made for some time being," said Hana Financial Investment
analyst Lee Jae-sun.
** The won ended at 1,103.8 per dollar on the onshore
settlement platform, 0.25% higher than its previous
close at 1,106.6.
** In offshore trading, the won was quoted at
1,103.2, while in non-deliverable forward trading its one-month
contract was quoted at 1,103.3.
** The most liquid 3-year Korean treasury bond yield fell by
0.9 basis points to 0.951%.
($1 = 1,103.1800 won)
(Reporting by Joori Roh, Additional reporting by Jihoon Lee;
Editing by Rashmi Aich)