May 7, 2019 / 8:14 AM / 2 months ago

S.Korean stocks fall; China delegation's likely U.S. visit spurs trade talk hopes

* KOSPI index falls, foreigners net buyers

* Korean won strengthens versus U.S. dollar

* South Korea benchmark bond yield falls

* For the midday report, please click

Seoul, May 7 (Reuters) - Round-up of South Korean financial markets:

** South Korea’s KOSPI stock index ended lower on Tuesday, after recovering some of its early losses on hopes that a Chinese delegation will visit the United States, soothing escalated U.S.-China trade worries to an extent after Washington prepared to impose tariffs on Chinese goods.

The Korean won strengthened, while the benchmark bond yield fell. ** The Seoul stock market’s benchmark KOSPI fell 19.33 points, or 0.88 percent, to 2,176.99 at close, after falling as much as 1.63 percent in during the day. ** China’s commerce ministry said on Tuesday Vice Premier Liu He will visit the United States on May 9 and May 10 for bilateral trade talks at the invitation of senior U.S. officials ** Market sentiment slightly recovered on a report that Vice Premier Liu He is joining the trade talks but investors still remain cautious, says Kim Ji-hyung, an analyst at Hanyang Securities

** Foreigners were net buyers of 202.5 billion won ($173.49 million) worth of shares on the main board.

** The won was quoted at 1,166.5 per dollar on the onshore settlement platform, 0.30 percent higher than its previous close at 1,170.0. ** In offshore trading, the won was quoted at 1,167.5 per U.S. dollar, up 0.1 percent from the previous day, while in one-year non-deliverable forward trading its one-month contract was quoted at 1,166.1 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.47 percent, after U.S. stocks fell. Japanese stocks fell 1.51 percent.

** The KOSPI has risen 6.66 percent so far this year, and rose 0.5 percent in the previous 30 trading sessions.

** The current price-to-earnings ratio is 12.10, the dividend yield is 1.28 percent and the market capitalisation is 1,242.04 trillion won.

** The trading volume during the session on the KOSPI index was 472.19 million shares and, of the total traded issues of 892, the number of advancing shares was 209.

** The won has lost 4.4 percent against the U.S dollar this year.

** In money and debt markets, June futures on three-year treasury bonds rose 0.06 points to 109.51, while the 3-month Certificate of Deposit rate was quoted at 1.84 percent.

** The most liquid 3-year Korean treasury bond yield fell by 1.6 basis points to 1.723 percent, while the benchmark 10-year yield fell by 2.5 basis points to 1.875 percent.

$1 = 1,167.1900 won Reporting by Yuna Park; Editing by Rashmi Aich

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