June 30, 2020 / 7:55 AM / 14 days ago

S.Korean shares end higher, mark sharpest quarterly gain in 11 yrs

* KOSPI rises, foreigners net sellers

* KOSPI gains 20.2% in Q2, sharpest quarterly gain since Q3 2009

* KRW weakens against USD

* S.Korea benchmark bond yield steady

* For the midday report, please click

SEOUL, June 30 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares closed higher on Tuesday on upbeat data from the United States and China, helping the benchmark index clock its sharpest quarterly gain in nearly 11 years.

** The KOSPI ended up 14.85 points, or 0.71%, at 2,108.33.

** For the month, the index rose 3.88% and its quarterly gain of 20.2% helped it erase all losses from the coronavirus-driven plunge in the previous quarter.

** Contracts to buy U.S. previously owned homes rebounded by the most on record in May, while China’s factory activity expanded at a faster pace in June, beating expectations.

** South Korea’s central bank said it plans to provide dollar funds to local financial firms via repurchase agreements to stabilise the foreign exchange market if volatility rises risks stemming from the pandemic and recession.

** Foreigners were net sellers of 70.9 billion won ($59.00 million) worth of shares on the main board.

** The won closed trading 0.37% lower at 1,203.0 per dollar on the onshore settlement platform. The currency ended the month up 2.9%, its sharpest gain in a year, while gaining 1.2% for the quarter.

** The central bank also said it sold a net $5.851 billion during the first quarter to ease the won’s volatility, which has sharply heightened amid the pandemic.

** In offshore trading, the won was quoted down 0.2% at 1,201.7 per dollar, while in non-deliverable forward trading, its one-month contract was quoted at 1,201.6.

** In money and debt markets, September futures on three-year treasury bonds fell 0.01 point to 112.08.

** The most liquid 3-year Korean treasury bond yield fell by 0.3 basis point to 0.840%, while the benchmark 10-year yield was flat at 1.365%. ($1 = 1,201.7000 won) (Reporting by Jihoon Lee; editing by Uttaresh.V)

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