November 27, 2019 / 7:40 AM / 18 days ago

S.Korean stocks end higher on optimism around U.S.-China trade deal

* KOSPI gains

* Foreigners net sellers for 15th straight session

* KRW nearly flat against USD

* South Korea benchmark bond yield falls

* For the midday report, please click

SEOUL, Nov 27 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares closed higher on Wednesday on rising hopes for an initial U.S.-China trade deal, although gains were capped due to selloff related to the rebalancing of MSCI index. The won was nearly flat, while the benchmark bond yield fell.

** The United States and China are close to an agreement on the first phase of a trade deal, U.S. President Donald Trump said on Tuesday, after top negotiators from the two countries spoke by telephone and agreed to keep working on remaining issues.

** The Seoul stock market’s main KOSPI rose 6.50 points, or 0.31%, to 2,127.85.

** Though there were favourable news regarding U.S.-China trade deal, continued selloff related to the MSCI index rebalancing capped gains, Hana Financial Investment analyst Kim Yong-gu said.

** Foreigners were net sellers for a 15th consecutive session, the longest streak since early January 2016, having sold 142.6 billion won ($120.92 million) worth of shares on the main board.

** The won was quoted at 1,177.2 per dollar on the onshore settlement platform, 0.04% lower than its previous close at 1,176.7.

** In offshore trading, the won was quoted at 1,177.1 per U.S. dollar, down 0.4% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,176.3 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.28%, after U.S. stocks climbed to fresh record closing highs. Japanese stocks rose 0.28%.

** The KOSPI has risen 4.25% so far this year, but gained 2.6% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 361.25 million shares and, of the total traded issues of 907, the number of advancing shares was 371.

** The won has lost 5.2% against the dollar so far this year.

** In money and debt markets, December futures on three-year treasury bonds rose 0.07 points to 110.29, 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 1.8 basis points to 1.459% in late afternoon trade, while the benchmark 10-year yield fell by 3.8 basis points to 1.672%.

$1 = 1,179.3300 won Reporting by Joori Roh; editing by Uttaresh.V

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