* KOSPI rises, foreigners net buyers
* Korean won strengthens versus U.S. dollar
* South Korea benchmark bond yield falls
* For the midday report, please click
SEOUL, May 8 (Reuters) - Round-up of South Korean financial markets:
** South Korean shares closed higher on Friday as a phone call between top trade representatives of the United States and China calmed investors nerves worried about simmering tensions, while continued optimism over re-opening of economies aided sentiment.
** The won strengthened, while the benchmark bond yield fell.
** The KOSPI ended 17.21 points, or 0.89%, higher at 1,945.82. For the week, the KOSPI lost 0.09%.
** Stocks rose on hopes that U.S.-China tensions would ease, Samsung Securities’ analyst Seo Jung-hun said, adding that hopes around re-opening of economies continued to boost sentiment.
** Top U.S. and Chinese trade representatives discussed their Phase 1 trade deal on Friday, with China saying they agreed to improve the atmosphere for its implementation and the United States saying both sides expected obligations to be met.
** Japan said the state of emergency could be lifted in those areas which see no new cases on a daily basis, while South Korea — which reported 12 new cases on Friday — earlier this week relaxed its social distancing rules.
** Shares of LG Chem closed 0.42% lower after Indian police filed a complaint against its subsidiary over a toxic gas leak at its chemical plant in southern India that killed 11 people and sickened almost a thousand more.
** Foreigners were net buyers of 43.8 billion won ($35.91 million) worth of shares on the main board. ** The won closed at 1,219.9 per dollar on the onshore settlement platform, 0.42% higher than its previous close at 1,225.0.
** In offshore trading, the won kept little changed at 1,220.0 per dollar, while in non-deliverable forward trading, its one-month contract was quoted at 1,219.6.
** The KOSPI has fallen 11.46% so far this year, but gained 23.1% in the previous 30 trading sessions.
** The trading volume was 775.19 million shares. Of the total traded issues of 897, the number of advancing shares was 588.
** The won has lost 5.2% against the dollar so far this year.
** In money and debt markets, June futures on three-year treasury bonds rose 0.10 point to 111.94.
** The most liquid 3-year Korean treasury bond yield fell by 3.5 basis points to 0.916%, while the benchmark 10-year yield fell by 6.0 basis points to 1.426%. ($1 = 1,219.5900 won) (Reporting by Jihoon Lee; editing by Uttaresh.V)