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S.Korean stocks slide for day three as virus weakens risk appetite

* KOSPI falls, foreigners net seller

* Korean won is weakening against the US dollar

* Yield on the South Korean benchmark bond falls

* Please click for the lunch report

SEOUL, July 20 (Reuters) – South Korean Financial Markets Summary:

** South Korean stocks ended lower for the third straight year on Tuesday as tech heavyweights tracked overnight losses on Wall Street amid concerns over rising coronavirus cases around the world. The won weakened, while the benchmark bond yield also fell.

** KOSPI closed 11.34 points, or 0.35%, at 3,232.70, after falling 1% on Monday.

** Chip giant Samsung Electronics lost up to 0.76%, while comparison partner SK Hynix lost 0.42%. Internet giant Naver and battery maker LG Chem also lost 0.90% and 0.61%, respectively.

** Wall Street stocks fell as much as 2% on Monday, with the S&P and Nasdaq suffering their biggest single-day slump since mid-May as coronavirus cases worldwide spiked and US deaths increased drove investors out of risky assets.

** At home, the country reported 1,278 new cases as of Monday midnight, still four-digit infections but less than the record of 1,615 cases recorded last week.

** Foreigners were net sellers of 181.3 billion won ($ 157.56 million) worth of stocks on the main board.

** The won ended at 1,150.4 per dollar on the onshore settlement platform, 0.23% lower than its previous closing price at 1,147.8 after hitting its lowest level since early October 2020 in early trading.

** In offshore trading, the won was quoted unchanged from the previous day at 1,150.4 per dollar, while the one-month contract in undeliverable futures trading was quoted at 1,150.3.

** In the money and bond markets, September futures on three-year government bonds rose 0.16 points to 110.21 points.

** The most liquid 3-year Korean government bond yield fell 5.1 basis points to 1.408%, while the benchmark 10-year yield fell 8.0 basis points to 1.892%. ($ 1 = 1,150,6800 won) (Reporting by Joori Roh; Editing by Rashmi Aich)

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