June 19, 2020 / 8:03 AM / 19 days ago

S.Korean shares end week higher as recovery hopes offset ongoing pandemic worries

* KOSPI rises, foreigners net buyers

* Korean won weakens versus U.S. dollar

* South Korea benchmark bond yield rises

* For the midday report, please click

SEOUL, June 19 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares on Friday ended the week higher as investors looked ahead to an economic recovery despite ongoing concerns of a second pandemic wave and tensions with North Korea. The Korean won weakened, while the benchmark bond yield rose.

** The Seoul stock market’s main KOSPI closed up 7.84 points, or 0.37%, at 2,141.32. For the week, the index gained 0.42%.

** Cyclical stocks in late session reversed their earlier losses on hopes that economic indicators will further improve in the next week, said Seo Sang-young, an analyst at Kiwoom Securities.

** Stocks in early session lost as much as 1.2% on worries about a rise of coronavirus infections in Beijing and the United States.

** South Korean President Moon Jae-in on Friday accepted the resignation of the minister responsible for relations with North Korea, as tensions with Pyongyang rise over the activities of defectors in the South and stalled diplomacy.

** Foreigners were net buyers of 55.3 billion won ($45.76 million) worth of shares on the main board.

** The won closed trading 0.13% lower at 1,209.6 per dollar on the onshore settlement platform.

** In offshore trading, the won was quoted up 0.4% at 1,208.1 per dollar, while in non-deliverable forward trading its one-month contract was quoted at 1,208.1.

** In money and debt markets, September futures on three-year treasury bonds fell 0.06 point to 111.96.

** The most liquid 3-year Korean treasury bond yield rose by 0.1 basis point to 0.843%, while the benchmark 10-year yield rose by 0.8 basis point to 1.378%.

$1 = 1,208.3600 won Reporting by Jihoon Lee; Editing by Krishna Chandra Eluri

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