November 4, 2019 / 7:31 AM / 3 months ago

S.Korea stocks hit 4-month high on positive U.S. data, trade deal hopes

* KOSPI adds 1.4%, foreigners net buyers

* Korean won strengthens versus U.S. dollar

* S.Korea bond yields soar almost across board

* For the midday report, please click

SEOUL, Nov 4 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares touched a four-month high on Monday boosted by upbeat U.S. jobs data and optimism over Sino-U.S. trade talks. Bond yields largely surged across the board, and the won also climbed.

** The Seoul stock market’s main KOSPI ended up 30.04 points, or 1.43%, at 2,130.24, posting its biggest daily percentage gain since Aug. 30.

** By extending gains into a third straight session, the benchmark index touched their highest level since July 2.

** In money and debt markets, December futures on three-year treasury bonds fell 0.29 points to 109.82, while the 3-month Certificate of Deposit rate was quoted at 1.45% in late afternoon trade.

** The most liquid 3-year Korean treasury bond yield was quoted 8.2 basis points higher at 1.548% in late afternoon trade, while the benchmark 10-year yield was up 9.3 basis points at 1.824%.

** U.S. job growth slowed less than expected in October as a drag from a strike at General Motors was offset by gains elsewhere and hiring in the prior two months was stronger than previously estimated, offering some assurance that consumers would continue to support the slowing economy.

** Investors seemed to have gained more confidence later in the session, as the U.S. job data reduced recession worries, said Noh Dong-kil, an analyst at NH Investment & Securities.

** The United States and China on Friday said they made progress in talks aimed at defusing a nearly 16-month-long trade war that has harmed the global economy, and U.S. officials said a deal could be signed this month.

** U.S. Commerce Secretary Wilbur Ross said licenses for U.S. companies to sell components to China’s Huawei Technologies Co will come “very shortly,” in an interview with Bloomberg published on Sunday.

** Foreigners were net buyers of 39.0 billion won ($33.63 million) worth of shares on the main board on Monday.

** The won was quoted at 1,159.2 per dollar on the onshore settlement platform, 0.55% higher than its previous close at 1,165.6.

** In offshore trading, the won was quoted at 1,159.4 per U.S. dollar, up 0.5% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,158.7 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.06%, after U.S. stocks closed higher on Friday.

** The KOSPI has risen 4.37% so far this year, and has gained 1.4% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 470.08 million shares, and of the total traded issues of 903, the number of advancing shares was 663.

** The won has lost 3.8% against the dollar so far this year. ($1 = 1,159.6200 won) (Reporting by Hayoung Choi, editing by Amy Caren Daniel)

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