November 15, 2019 / 7:08 AM / 24 days ago

S.Korea stocks close 1% higher as Kudlow remarks boost trade deal optimism

* KOSPI adds 1%, foreigners net sellers

* Korean won strengthens versus U.S. dollar

* South Korea benchmark bond yield down

* For the midday report, please click

SEOUL, Nov 15 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares ended higher on Friday as White House economic adviser Larry Kudlow’s remarks revived hopes that Washington and Beijing were close to signing a trade deal. The Korean won gained, while the benchmark bond yield fell.

** Kudlow said on Thursday that the countries were in close touch via telephone, and an agreement could be reached soon.

** The Seoul stock market’s main KOSPI ended up 22.95 points, or 1.07%, at 2,162.18. For the week, the benchmark index added 1.17%, marking a sixth consecutive weekly gain.

** Foreigners were net sellers of 147.7 billion won ($127.19 million) worth of shares on the main board.

** Along with the KOSPI, the Korean won also strengthened with rising risk appetite, said Lee Kyoung-min, an analyst at Daishin Securities.

** The won was quoted at 1,166.6 per dollar on the onshore settlement platform, 0.27% higher than its previous close at 1,169.7. The currency shrank 0.78% from a week ago.

** In offshore trading, the won was quoted at 1,166.8 per U.S. dollar, up 0.1% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,165.3 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.59%, while U.S. stocks were little changed overnight. Japanese stocks rose 0.70%.

** The KOSPI has risen 5.94% so far this year, and gained 3.2% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 547.31 million shares and, of the total traded issues of 905, the number of advancing shares was 502.

** The won has lost 4.4% against the dollar so far this year.

** In money and debt markets, December futures on three-year treasury bonds fell 0.03 point to 110.02, while the 3-month Certificate of Deposit rate was quoted at 1.53% in late afternoon trade.

** The most liquid 3-year Korean treasury bond yield fell by 0.5 basis points to 1.512% in late afternoon trade, while the benchmark 10-year yield fell by 0.1 basis point to 1.787%. ($1 = 1,161.2300 won) (Reporting by Hayoung Choi; editing by Uttaresh.V)

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