May 11, 2020 / 7:56 AM / 23 days ago

S.Korean shares end lower as exports drop, coronavirus cases rise

* KOSPI falls, foreigners net sellers

* Korean won weakens versus U.S. dollar

* South Korea benchmark bond yield rises

* For the midday report, please click

SEOUL, May 11 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares closed lower on Monday as the country’s exports dropped, while fears about a second wave of COVID-19 following a rise in domestic infections also dented sentiment.

** The Korean won weakened, while the benchmark bond yield rose.

** The KOSPI closed down 10.42 points, or 0.54%, at 1,935.40.

** Investors raised concerns about the trade data (as it shows) that the pandemic’s economic impact may be severe this month, Daeshin Securities’ analyst Lee Kyoung-min said, adding that equities were also under pressure due to worries about a second wave of the new coronavirus outbreak.

** South Korean exports and imports suffered a precipitous decline in the first 10 days of May, while officials scrambled to contain an outbreak in Seoul. There were 35 new cases in the country, the highest in more than a month.

** Foreigners were net sellers of 140.9 billion won ($115.61 million) worth of shares on the main board.

** The won closed trading at 1,220.5 per dollar on the onshore settlement platform, 0.05% lower than its previous close at 1,219.9.

** In offshore trading, the won was little changed at 1,219.9 per dollar, while in non-deliverable forward trading, its one-month contract was quoted at 1,219.7.

** In Asian markets, the MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.79%. Japanese stocks rose 1.05%.

** The KOSPI has fallen 11.93% so far this year, but gained 31.3% in the previous 30 trading sessions.

** The trading volume was 581.79 million shares. Of the total traded issues of 897, the number of advancing shares was 319.

** The won has lost 5.3% against the dollar so far this year.

** In money and debt markets, June futures on three-year treasury bonds fell 0.04 point to 111.90. ** The most liquid 3-year Korean treasury bond yield rose by 0.5 basis point to 0.921%, while the benchmark 10-year yield rose by 3.0 basis points to 1.456%. ($1 = 1,218.7500 won) (Reporting by Jihoon Lee; editing by Uttaresh.V)

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