May 9, 2019 / 7:43 AM / 4 months ago

S.Korea stocks fall more than 3 pct on escalating trade tensions

* KOSPI index falls, foreigners net sellers

* Korean won weakens versus U.S. dollar

* South Korea benchmark bond yield falls

* For the midday report, please click

Seoul, May 9 (Reuters) - Round-up of South Korean financial markets:

** South Korea’s KOSPI stock index fell for the fourth consecutive session and posted the biggest daily loss in 7 months on Thursday, as China-U.S. trade tensions escalate and investors move to safe-haven assets. The Korean won weakened, and the benchmark bond yield fell. ** The Seoul stock market’s main KOSPI fell 66.00 points or 3.04 percent to 2,102.01 points. ** Foreigners were net sellers of 186.2 billion won worth of shares on the main board. ** South Korean stocks extended losses as U.S. President Donald Trump reiterated his threat to impose additional tariffs on Chinese goods; Investors are keen to know whether the United States will actually impose tariffs beginning this week, says Kim Ye-eun, an analyst from IBK Securities. ** Trump says China “broke the deal”, will be paying if a deal not reached ** The won was quoted at 1,179.8 per dollar on the onshore settlement platform, 0.88 percent lower than its previous close at 1,169.4. ** In offshore trading, the won was quoted at 1,179.8 per U.S. dollar, down 0.6 percent from the previous day, while in one-year non-deliverable forward trading its one-month contract was quoted at 1,179.3 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1.63 percent, after U.S. stocks held off from making big moves. Japanese stocks fell 0.93 percent. ** The KOSPI has risen 2.99 percent so far this year, and rose 1.1 percent in the previous 30 trading sessions. ** The current price-to-earnings ratio is 12.10, the dividend yield is 1.28 percent and the market capitalisation is 1,242.04 trillion won. ** The trading volume during the session on the KOSPI index was 729.22 million shares and, of the total traded issues of 892, the number of advancing shares was 83. ** The won has lost 5.4 percent against the U.S dollar this year. ** In money and debt markets, June futures on three-year treasury bonds rose 0.05 points to 109.55, while the 3-month Certificate of Deposit rate was quoted at 1.84 percent. ** The most liquid 3-year Korean treasury bond yield fell by 0.6 basis points to 1.709 percent, while the benchmark 10-year yield fell by 1.4 basis points to 1.862 percent. (Reporting by Yuna Park; Editing by Shounak Dasgupta)

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