S.Korean shares fall for second day on caution ahead of monetary policy events
KOSPI falls, foreigners net sellers
Korean won weakens against dollar
South Korea benchmark bond yield rises
For the midday report, please click nL1N3NI01K
SEOUL, Dec 17 (Reuters) -Round-up of South Korean financial markets:
** South Korean shares fell for a second straight session on Tuesday, as investors remained cautious ahead of major central bank events at home and abroad.
** The won weakened, while the benchmark bond yield rose.
** The benchmark KOSPI .KS11 closed down 32.16 points, or 1.29%, at 2,456.81. On Monday, it had fallen 0.2%.
** Investors see a quarter-point rate cut at the Fed's Dec. 17-18 meeting as a nearcertainty but are bracing for the central bank to scale back its easing in 2025 in anticipation of higher inflation under the Trump administration.
** The Bank of Korea will later in the day release the minutes of its latest meeting in November, during which the central bank delivered its first back-to-back rate cuts since 2009.
** "Investor focus is on U.S. policy, the Federal Reserve and the semiconductor industry, with foreigner selling seen in related sectors," said Seo Sang-young, an analyst at Mirae Asset Securities.
** Among index heavyweights, chipmaker Samsung Electronics 005930.KS fell 2.52%, but peer SK Hynix 000660.KS gained 2.62%. Battery maker LG Energy Solution 373220.KS slid 3.89%.
** Of the total 940 traded issues, 386 shares advanced, while 496 declined.
** Foreigners were net sellers of shares worth 711.4 billion won ($494.30 million).
** The won was quoted at 1,438.9 per dollar on the onshore settlement platform KRW=KFTC, 0.20% weaker than its previous close at 1,436.0.
** In money and debt markets, December futures on three-year treasury bonds KTBc1 fell 0.08 points to 106.63.
** The most liquid three-year Korean treasury bond yield KR3YT=RR rose by 5.0 basis points to 2.612%, while the benchmark 10-year yield KR10YT=RR rose by 5.0 basis points to 2.777%.
($1 = 1,439.2000 won)
Reporting by Jihoon Lee; Editing by Abinaya Vijayaraghavan
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