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S.Korean stocks set to snap three-day losses as Naver, Kakao rebound

    * KOSPI rises, foreigners net sellers
    * Korean won weakens against U.S. dollar
    * South Korea benchmark bond yield rises

    SEOUL, Sept 10 (Reuters) - Round-up of South Korean
financial markets:
    
    ** South Korean shares were set to end a three-day losing
streak on Friday, as heavyweights Naver and Kakao rebounded,
with investors pondering over the timing of the Federal
Reserve's stimulus taper. 
    
    ** The won weakened, while the benchmark bond yield rose.
    
    ** The KOSPI         gained 8.74 points, or 0.28%, to
3,123.44 by 0209 GMT, rebounding from a 1.53% decline on
Thursday.
    
    ** Naver             and Kakao             jumped 4.01% and
3.50%, respectively, while chip giants Samsung Electronics
            and SK Hynix             added 0.13% and 1.46%,
respectively.
    
    ** Foreigners were net sellers of 345.9 billion won ($295.34
million) worth of shares on the main board. 
    
    ** "There are also cautions ahead of the release of producer
price index from the United States due later in the day,
following that from China yesterday, which may show signs of
disruption in supply chains due to the spread of the Delta
variant," said Choi Yoo-june, an analyst at Shinhan Investment
Corp.
    
    ** The won was quoted at 1,172.4 per dollar on the onshore
settlement platform           , down 0.27%.
    
    ** In offshore trading, the won        was quoted at 1,172.2
per dollar, down 0.2%, while in non-deliverable forward trading
its one-month contract               was quoted at 1,172.4.
    
    ** In money and debt markets, September futures on
three-year treasury bonds         fell 0.10 point to 110.08.
    
    ** The most liquid 3-year Korean treasury bond yield rose by
4.0 basis points to 1.538%, while the benchmark 10-year yield
rose by 2.1 basis points to 2.021%.

($1 = 1,171.1800 won)

 (Reporting by Joori Roh, additional reporting by Jihoon Lee;
editing by Uttaresh.V)
  
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