June 23, 2020 / 7:56 AM / 20 days ago

S.Korean shares end slightly higher on Sino-U.S. trade relief

* KOSPI rises, foreigners net sellers

* Korean won strengthens versus U.S. dollar

* South Korea benchmark bond yield falls

* For the midday report, please click

SEOUL, June 23 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares closed slightly higher on Tuesday, recouping earlier losses in the session, after U.S. President Donald Trump said the U.S.-China trade pact was “fully intact”. The Korean won strengthened, while the benchmark bond yield fell.

** The benchmark KOSPI ended up 0.21% at 2,131.24, after falling as much as 0.76% in early session after White House adviser Peter Navarro said the trade deal with China is “over”.

** Navarro later walked back on his comments, saying the trade deal with China “continues in place”, while Trump also soothed nerves by tweeting that “China trade deal is fully intact.”

** Coronavirus cases are soaring in several major countries at the same time, the World Health Organization said on Monday.

** South Korea reported 46 new coronavirus cases on Tuesday, bringing the national tally to 12,484.

** Little evidence of a swift economic recovery so far has clouded investors’ hopes, said Lee Won, an analyst at Bookook Securities.

** Shares of SsangYong Motor closed up 30%, extending its winning streak to a fourth straight session on new investment hopes.

** Foreigners were net sellers of 55.6 billion won ($45.99 million) worth of shares on the main board.

** The won closed trading 0.58% higher at 1,208.8 per dollar on the onshore settlement platform.

** In offshore trading, the won was quoted flat at 1,209.0 per dollar, while in non-deliverable forward trading its one-month contract was quoted at 1,208.7.

** In money and debt markets, September futures on three-year treasury bonds rose 0.08 point to 112.07.

** The most liquid 3-year Korean treasury bond yield fell by 1.9 basis points to 0.828%, while the benchmark 10-year yield fell by 0.5 basis points to 1.386%. ($1 = 1,209.0400 won) (Reporting by Jihoon Lee; Editing by Ramakrishnan M.)

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