November 11, 2019 / 7:09 AM / a month ago

S.Korean stocks fall on renewed trade deal uncertainty

* KOSPI falls, foreigners net sellers

* Korean won sharply weakens vs dollar

* South Korea benchmark bond yield down

* For the midday report, please click

SEOUL, Nov 11 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares dropped on Monday after U.S. President Donald Trump’s remarks last week cast fresh doubts over the prospects of a trade deal with China. The won weakened to its lowest close since Oct. 30, while the benchmark bond yield fell.

** The Seoul stock market’s main KOSPI index ended down 13.14 points, or 0.61%, at 2,124.09, after falling as much as 0.85% in early trade.

** President Trump on Friday said he has not agreed to rollback of U.S. tariffs sought by China, sparking fresh doubts about when the world’s two largest economies may end a 16-month trade war that has slowed global growth.

** President Trump’s comments have prompted investors to trim their exposure to local stocks, said Seo Sang-young, an analyst at Kiwoom Securities.

** Foreigners were net sellers of 172.1 billion won ($148.20 million) worth of shares on the main board.

** The won was quoted at 1,166.8 per dollar on the onshore settlement platform, 0.80% lower than its previous close of 1,157.5. The currency posted its lowest close since Oct. 30.

** In offshore trading, the won was quoted at 1,166.5 per U.S. dollar, down 0.7% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,165.9 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1.32%. Japanese stocks fell 0.26%.

** The KOSPI has risen 4.07% so far this year, and gained 3.1% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 610.97 million shares and, of the total traded issues of 903, the number of advancing shares was 345.

** The won has lost 4.4% against the dollar so far this year.

** In money and debt markets, December futures on three-year treasury bonds rose 0.04 points to 110.01, while the 3-month Certificate of Deposit rate was quoted at 1.52% in late afternoon trade.

** The most liquid 3-year Korean treasury bond yield fell by 2.3 basis points to 1.496% in late afternoon trade, while the benchmark 10-year yield fell by 2.0 basis points to 1.785%.

$1 = 1,161.2300 won Reporting by Hayoung Choi; Editing by Aditya Soni

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