Round-up of South Korean financial markets:
** South Korean shares rose on Friday and were set for a third straight weekly gain, as risk appetite strengthened with the U.S. Senate approving a bill to suspend its government debt ceiling.
** The Korean won strengthened, while the benchmark bond yield fell.
** The benchmark KOSPI rose 20.73 points, or 0.81%, to 2,589.90, as of 0259 GMT. It was up 1.24% for the week.
** A bill to suspend the U.S. government's $31.4 trillion debt ceiling and avoid a disastrous default secured enough votes to pass in the Senate on Thursday.
** "It is relieving that the bill is passed in the Congress," said analyst Huh Jae-hwan at Eugene Investment Securities.
** South Korea's consumer inflation eased for a fourth consecutive month in May to the lowest in 19 months but core inflation remained elevated, data showed on Friday.
** Chipmaker Samsung Electronics rose 1.13% and peer SK Hynix lost 0.27%, while battery maker LG Energy Solution advanced 0.86%.
** Among other index heavyweights, Hyundai Motor climbed 0.76% and its sister automaker Kia Corp was 0.59% higher. Search engine Naver traded flat, while instant messenger Kakao was up 1.78%.
** Of the total 934 issues traded, 538 shares rose.
** Foreigners were net buyers of shares worth 159.8 billion won.
** The won was quoted at 1,310.1 per dollar on the onshore settlement platform, 0.88% higher than its previous close. The currency was up 1.33 for the week, set for the biggest weekly gain since mid-April.
** In money and debt markets, June futures on three-year treasury bonds rose 0.11 point to 104.41.
** The most liquid three-year Korean treasury bond yield fell by 3.5 basis points to 3.442%, while the benchmark 10-year yield fell by 2.9 basis points to 3.520%. (Reporting by Jihoon Lee; editing by Eileen Soreng)