May 7, 2020 / 7:45 AM / a month ago

S.Korean shares end flat as Chinese export data offsets recession worries

* KOSPI flat, foreigners net sellers

* Korean won weakens versus U.S. dollar

* South Korea benchmark bond yield falls

* For the midday report, please click

SEOUL, May 7 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares closed little changed on Thursday as better-than-expected Chinese export numbers offset worries about recession stemming from downbeat U.S. data and a grim economic forecast for the euro zone.

** The Korean won weakened and the benchmark bond yield fell.

** The KOSPI closed down 0.15 points, or 0.01%, at 1,928.61.

** China’s exports unexpectedly rose 3.5% in April from a year earlier, as factories restarted production after restrictions were eased, customs data showed. Its imports shrank 14.2%.

** Data showed private employers in the U.S. laid off a record 20.236 million workers in April, while a European Commission forecast said the euro zone economy will contract by a record 7.7% this year and inflation will almost disappear.

** Stock prices reversed early losses on China’s solid trade data, said Kiwoom Securities’ analyst Seo Sang-young, adding that further gains were capped as foreigners sold equities over recession worries.

** Foreigners were net sellers of 289.2 billion won ($236.04 million) worth of shares on the main board.

** Samsung Group heir Jay Y. Lee’s vow to end dynastic succession at the conglomerate sparked scepticism. Shares of Samsung Electronics closed down 0.81%.

** Shares of LG Chem Ltd closed 1.94% lower. The company said a gas leak at its plant in southern India had been brought under control, after an incident on Thursday that police estimate killed at least nine people and resulted in hundreds of casualties.

** The won closed trading at 1,225.0 per dollar on the onshore settlement platform, 0.24% lower than its previous close at 1,222.1.

** In offshore trading, the won was quoted at 1,225.6 per dollar, up 0.2% from the previous day, while in non-deliverable forward trading, its one-month contract was quoted at 1,225.1.

** The KOSPI has fallen 12.24% so far this year, but gained 32.3% in the previous 30 trading sessions.

** The trading volume was 762.37 million shares. Of the total traded issues of 896, the number of advancing shares was 528.

** The won has lost 5.6% against the dollar so far this year.

** In money and debt markets, June futures on three-year treasury bonds rose 0.05 point to 111.83.

** The most liquid 3-year Korean treasury bond yield fell by 1.0 basis point to 0.949%, while the benchmark 10-year yield fell by 2.3 basis points to 1.483%. ($1 = 1,225.2300 won) (Reporting by Jihoon Lee; editing by Uttaresh.V)

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