South Korean shares post biggest fall in two weeks as chipmakers drop

KOSPI falls, foreigners net sellers Korean won weakens against dollar South Korea benchmark bond yield rises For the midday report, please click... SEOUL, Sept 28 (Reuters) — Round-up of South Korean financial markets: * South Korean shares fell more than 2% on Monday in catch-up trading following a holiday break, posting their biggest loss in two weeks as chipmakers dropped due to worries over high bond yields. * The benchmark KOSPI closed down 191.17 points, or 2.70%, at 6,889.75, after a four-session gaining streak to a two-month high. The index marked its biggest daily percentage fall since September 14. * South Korean financial markets were closed on Thursday and Friday for local holidays. * Wall Street ended higher on Friday, lifted by Microsoft and other AI-related technology stocks, while high oil prices and a recent surge in US Treasury yields kept investors on edge..N * "Foreign selling was concentrated in the chip sector after a rise in bond yields. Still, it is difficult to say whether broader investor sentiment is weak due to high bond yields, with gainers outnumbering decliners," said Huh Jae-hwan, an analyst at Eugene Investment Securities. * The Bank of Korea said.