December 20, 2019 / 7:16 AM / a month ago

S.Korean stocks end near 8-month peak on trade deal optimism

* KOSPI marks highest close since May 2, foreigners net buyers

* Korean won strengthens versus U.S. dollar

* South Korea benchmark bond yield rises

* For the midday report, please click

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

** South Korean shares closed at their highest in almost eight months on Friday after U.S. Treasury Secretary Steven Mnuchin said Washington and Beijing would sign their initial trade pact in early January. The won and the benchmark bond yield gained.

** Mnuchin said on Thursday the trade deal was completely finished and just undergoing a technical “scrub.”

** The Seoul stock market’s main KOSPI index closed up 7.62 points, or 0.35%, at 2,204.18. The benchmark added 1.6% for the week.

** Foreigners were net buyers of 161.9 billion won ($139.52 million) worth of shares on the main board.

** The won was quoted at 1,160.6 per dollar on the onshore settlement platform, 0.43% higher than its previous close at 1,165.6. The currency gained about 1% so far this week.

** In offshore trading, the won was quoted at 1,160.4 per U.S. dollar, up 0.2% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,159.0 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.10%, after U.S. stocks hit fresh highs overnight. Japanese stocks fell 0.20%.

** The KOSPI has risen 7.99% so far this year, and gained 2.4% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 637.64 million shares and, of the total traded issues of 908, the number of advancing shares was 437.

** The won has lost 3.9% against the dollar so far this year.

** In money and debt markets, March futures on three-year treasury bonds was unchanged at 110.43, 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 rose by 1.1 basis points to 1.394% in late afternoon trade, while the benchmark 10-year yield rose by 2.0 basis points to 1.676%.

$1 = 1,160.3900 won Reporting by Hayoung Choi; Editing by Aditya Soni

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