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KOSPI rises, foreigners net sellers

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Korean won strengthens against dollar

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South Korea benchmark bond yield little changed

SEOUL, March 28 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares rose on Tuesday after two sessions of declines, as worries over global banking troubles eased with the acquisition of troubled Silicon Valley Bank (SVB). The Korean won strengthened, while the benchmark bond yield traded flat.

** The benchmark KOSPI rose 16.88 points, or 0.70%, to 2,426.10 as of 0109 GMT, hitting the highest since March 9.

** U.S. regulators said on Monday they would backstop a deal by regional lender First Citizens BancShares to acquire SVB.

** "Cyclical shares strengthened as the smooth acquisition process eased worries of banking troubles weighing on the real economy," said Shinhan Securities' analyst Choi Yoo-june.

** Most index heavyweights rose, including chipmakers, automakers, and online service providers, but battery manufacturers fell.

** The Korea Exchange Bank Equity Index jumped more than 2%, while the Finance-major Index and the Securities-minor Index were up 1.4% and 0.7%, respectively.

** Of the total 932 issues traded, 661 shares advanced.

** Foreigners were net sellers of shares worth 63.7 billion won ($49.23 million).

** The won was quoted at 1,297.3 per dollar on the onshore settlement platform, 0.32% higher than its previous close at 1,301.5.

** In money and debt markets, June futures on three-year treasury bonds fell 0.03 point to 105.06.

** The most liquid three-year Korean treasury bond yield rose by 1.6 basis points to 3.234%, while the benchmark 10-year yield fell by 0.3 basis point to 3.254%. ($1 = 1,294.0200 won) (Reporting by Jihoon Lee; editing by Uttaresh Venkateshwaran)