October 4, 2019 / 7:47 AM / 14 days ago

S.Korean stocks drop on rising tensions in Hong Kong, focus on U.S. jobs data

* KOSPI drops, foreigners net sellers

* Korean won gains 0.8% vs U.S. dollar

* South Korea benchmark bond yield falls

* For the midday report, please click

SEOUL, Oct 4 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares neared a four-week trough on Friday, ahead of key U.S. jobs data and as reports on Hong Kong government’s move to ban face masks at protests hurt investors’ appetite for risk assets.

** Hong Kong’s embattled leader Carrie Lam invoked colonial-era emergency powers for the first time in more than 50 years in a dramatic move intended to quell escalating violence in the Chinese-ruled city.

** The escalating conflict in Hong Kong may negatively affect the Sino-U.S. trade talks, as it would worsen the relationship between the United States and China, said Lee Won, an analyst at Bookook Securities.

** Investors were waiting for the outcome of trade talks and the Federal Reserve’s next policy steps, said Cho Byung-hyun, an analyst at Yuanta Securities. If the United States and China do not impose any more tariffs and promise to continue talks, the market may find clues for a recovery, he added.

** U.S. President Donald Trump said on Thursday a delegation from China would come to the United States next week for more trade talks.

** The Seoul stock market’s benchmark KOSPI closed down 11.22 points, or 0.55%, at 2,020.69, after swinging between gains and losses in early trade.

** For the week, the index lost 1.43%, posting its second straight week of losses.

** Foreigners were net sellers of 145.9 billion won ($121.93 million) worth of shares on the main board.

** The won was quoted at 1,196.8 per dollar on the onshore settlement platform, 0.77% higher than its previous close at 1,206.0. In early trade, the currency rose more than 1%, hitting the highest since Sept. 24.

** The won gained 0.26% from a week ago.

** In offshore trading, the won was quoted at 1,196.6 per U.S. dollar, up 0.4% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,195.8 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.05%, after U.S. stocks closed up . Japanese stocks rose 0.32%.

** The KOSPI has fallen 1% so far this year, but gained 4.7% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 394.94 million shares and, of the total traded issues of 888, the number of advancing shares was 157.

** The won has lost 6.8% against the U.S dollar so far this year.

** In money and debt markets, December futures on three-year treasury bonds rose 0.28 points to 111.09, while the 3-month Certificate of Deposit rate was quoted at 1.55%.

** The most liquid 3-year Korean treasury bond yield fell by 8.6 basis points to 1.218%, while the benchmark 10-year yield fell by 11.6 basis points to 1.381%. ($1 = 1,196.5800 won) (Reporting by Hayoung Choi; Editing by Aditya Soni)

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