* KOSPI rises, foreigners net sellers

* Korean won strengthens against U.S. dollar

* South Korea benchmark bond yield falls

* For the midday report, please click

SEOUL, June 24 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares marked the sharpest daily jump in 16 months, tracking gains on Wall Street after investors scaled back expectations for inflation and interest-rate hikes, although the benchmark index logged a third straight weekly drop.

** The Korean won strengthened, while the benchmark bond yield fell. The index declined 3.05% for the week, a third straight weekly drop.

** The benchmark KOSPI rose 52.28 points, or 2.26%, to 2,366.60 as of 06:32 GMT, the sharpest daily jump since February 2021

** Among heavyweights, messenger platform operator Kakao jumped 6.6%, Naver gained 5.8%, technology giant Samsung Electronics rose 1.74% and peer SK Hynix rose 1.55%, while battery maker LG Energy Solution rose 1.25%.

** South Korean shares are catching up as it has been suffering bigger declines since early June on global uncertainties, compared with shares in China and Taiwan, said Park Gwang-nam, an analyst at Mirae Asset Securities.

** Manufacturing growth is slowing worldwide as China's COVID-19 curbs and Russia's invasion of Ukraine disrupt supply chains and keep inflation at the highest in years, while the growing risk of a U.S. recession poses a new threat to the global economy.

** Foreigners were net sellers of 35.4 billion won worth of shares on the main board.

** The won was quoted at 1,298.2 per dollar on the onshore settlement platform, 0.28% higher than its previous close at 1,301.8.

** In offshore trading, the won was quoted at 1,298.1 per dollar, up 0.1% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,297.4.

** In money and debt markets, September futures on three-year treasury bonds rose 0.34 points to 103.54, while the 3-month Certificate of Deposit rate was quoted at 2.00% in late afternoon trade.

** The most liquid 3-year Korean treasury bond yield fell by 7.1 basis points to 3.526%, while the benchmark 10-year yield fell by 5.1 basis points to 3.644%. (Reporting by Cynthia Kim; Additional reporting by Youn Ah Moon; Editing by Shailesh Kuber)