March 24, 2016 / 6:21 AM / a month ago

S.Korean stocks end firmer as investors cheer signs of trade progress

* KOSPI jumps, foreigners net buyers

* Korean won strengthens versus U.S. dollar

* South Korea benchmark bond yield rises

* For the midday report, please click

SEOUL, Oct 11 (Reuters) - Round-up of South Korean financial markets: South Korean shares ended higher on Friday after U.S. President Donald Trump said he would meet with China’s top trade negotiator, stirring hopes for an agreement. The Korean won and the benchmark bond yield strengthened.

** Trump will meet with Chinese Vice Premier Liu He at 1845 GMT on Friday as the world’s two biggest economies try to reach a trade agreement, the White House said.

** After negotiators from the two countries wrapped up a first day of trade talks, Trump said: “We had a very, very good negotiation with China,” boosting global financial markets.

** The Seoul stock market’s main KOSPI ended up 16.39 points, or 0.81%, at 2,044.54, after rising as much as 1.3%. For the week, the KOSPI gained 1.18%.

** Shares of Amorepacific Group shrank 11.2% after the company said it would issue new preferred shares worth 200 billion won ($168.31 million).

** Shares of Woongjin and Woongjin Thinkbig surged 30% each, as investors saw increasing competition to acquire a stake in their water purification unit, Woongjin Coway.

** Foreigners were net buyers of 61.1 billion won ($51.42 million) worth of shares on the main board.

** The won was quoted at 1,188.8 per dollar on the onshore settlement platform, 0.62% higher than its previous close at 1,196.2. From a week ago, the currency strengthened around 0.7%, posting a second consecutive weekly gain.

** In offshore trading, the won was quoted at 1,188.8 per U.S. dollar, up 0.1% from the previous session, while in non-deliverable forward trading its one-month contract was quoted at 1,187.8 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.20%, after U.S. stocks climbed . Japanese stocks rose 1.15%.

** The KOSPI climbed 0.17% so far this year, and gained 4.1% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 375.59 million shares and, of the total traded issues of 887, the number of advancing shares was 466.

** The won lost 6.1% against the dollar so far this year.

** In money and debt markets, December futures on three-year treasury bonds dipped 0.03 points to 110.86, while the 3-month Certificate of Deposit rate was quoted at 1.55%.

** The most liquid 3-year Korean treasury bond yield rose by 1.7 basis points to 1.293%, while the benchmark 10-year yield climbed by 4.9 basis points to 1.506%. ($1 = 1,188.3000 won)

Reporting by Hayoung Choi, Editing by Sherry Jacob-Phillips

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