November 20, 2019 / 7:03 AM / 25 days ago

S.Korean shares slide as U.S., China spar over Hong Kong protests

* KOSPI falls 1.3%, foreigners net sellers

* Korean won weakens versus U.S. dollar

* South Korea benchmark bond yield falls

* For the midday report, please click

SEOUL, Nov 20 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares lost more than 1% on Wednesday as rising tension between the United States and China over Hong Kong protests dimmed hopes for a trade deal. The won and the benchmark bond yield fell.

** China made stern representations to a representative of the U.S. embassy in Beijing on Wednesday after the Senate unanimously passed legislation aimed at protecting human rights in Hong Kong.

** The Seoul stock market’s main KOSPI ended down 27.92 points, or 1.30%, to 2,125.32, marking its lowest close in a week.

** In addition to uncertainties in trade talks between Beijing and Washington, foreigners dumped domestic shares ahead of the rebalancing of MSCI index, said Park Sang-hyun, an analyst at HI Investment & Securities.

** Foreigners were net sellers of KOSPI shares for the tenth consecutive session, the longest since Aug. 19. On Wednesday, they net sold 334.1 billion won ($285.59 million) worth of shares on the main board.

** The won was quoted at 1,170.1 per dollar on the onshore settlement platform, 0.21% lower than its previous close at 1,167.6.

** In offshore trading, the won was quoted at 1,170.0 per U.S. dollar, down 0.2% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,169.3 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.72%, after U.S. stocks were mixed overnight. Japanese stocks fell 0.62%.

** The KOSPI has risen 4.13% so far this year, and gained 6.5% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 573.69 million shares and, of the total traded issues of 905, the number of advancing shares was 134.

** The won has lost 4.6% against the dollar this year.

** In money and debt markets, December futures on three-year treasury bonds rose 0.13 points to 110.30, while the 3-month Certificate of Deposit rate was quoted at 1.53% in late afternoon trade.

** The most liquid 3-year Korean treasury bond yield fell by 3.7 basis points to 1.451% in late afternoon trade, while the benchmark 10-year yield fell by 6.4 basis points to 1.673%. ($1 = 1,169.8600 won) (Reporting by Hayoung Choi; Editing by Subhranshu Sahu)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below