Home Markets S.Korea stocks slip as cryptocurrencies, Fed tapering concerns jolt markets

S.Korea stocks slip as cryptocurrencies, Fed tapering concerns jolt markets

3
    * KOSPI falls, foreigners net sellers
    * Korean won weakens against U.S. dollar
    * South Korea benchmark bond yield falls

    SEOUL, May 24 (Reuters) - Round-up of South Korean financial
markets:
    
** South Korean shares fell on Monday as investors weighed a
slump in cryptocurrencies and looked ahead to the U.S. Federal
Reserve's read on inflation this week. The Korean won weakened,
while the benchmark bond yield fell.
    
** The benchmark KOSPI         fell 16.73 points, or 0.51%, to
3,140.29 as of 0228 GMT.
    
** Among the heavyweights, technology giant Samsung Electronics
            fell 0.75% and peer SK Hynix             fell 2.45%,
while LG Chem             fell 0.56% and Naver             fell
1.67%.
    
** Focus this week will be on Fed speakers as the biggest
concern in the market is with policy tapering, said Seo
Sang-young, an analyst at Mirae Asset Securities. 

** Federal Reserve officials should start talking about the...

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