March 9, 2016 / 6:22 AM / 20 days ago

S.Korean stocks erase gains as trade optimism ebbs

* KOSPI almost flat, foreigners net sellers

* Korean won steady versus U.S. dollar

* South Korea benchmark bond yield rises

* For the midday report, please click

SEOUL, Sept 26 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares gave up early gains to close little changed on Thursday as optimism over Sino-U.S. trade talks faded. The won held steady, while the benchmark bond yield rose.

** The Seoul stock market’s main KOSPI ended up 1.13 points, or 0.05%, at 2,074.52.

** After U.S. President Donald Trump said a trade deal with China could happen sooner than expected, the benchmark index had risen as much as 0.7%.

** In addition to the losses in Chinese shares, the won’s weakness also triggered net selling by foreigners, said Lee Kyoung-min, an analyst at Daishin Securities.

** The won fell to as low as 1201.0 per dollar in early trade, the weakest level since Sept. 5.

** The won was quoted at 1,198.8 per dollar on the onshore settlement platform, steady from its previous close at 1,198.8.

** Foreigners were net sellers of 75.8 billion won ($63.23 million) worth of shares on the main board.

** In offshore trading, the won was quoted at 1,198.8 per U.S. dollar, flat from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,197.1 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.02%, after U.S. stocks climbed on Wednesday. Japanese stocks rose 0.13%.

** The KOSPI has risen 1.64% so far this year, and gained 7.0% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 388.54 million shares and, of the total traded issues of 892, the number of advancing shares was 389.

** The won has lost 6.9% against the U.S dollar so far this year.

** In money and debt markets, December futures on three-year treasury bonds were unchanged at 110.81, while the 3-month Certificate of Deposit rate was quoted at 1.55%.

** The most liquid 3-year Korean treasury bond yield fell by 0.1 basis point to 1.304%, while the benchmark 10-year yield rose by 0.9 basis point to 1.433%. ($1 = 1,198.7500 won) (Reporting by Hayoung Choi; Editing by Subhranshu Sahu)

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