April 7, 2016 / 6:26 AM / 19 days ago

S.Korean stocks flat on caution ahead of Fed meeting; post third weekly gain

* KOSPI flat, foreigners buy

* Korean won steady against U.S. dollar

* South Korea benchmark bond yields rise

* For the midday report, please click

SEOUL, Oct 25 (Reuters) - Round-up of South Korean financial markets:

South Korean shares ended flat on Friday as investors were cautious ahead of U.S. Federal Reserve policy meeting next week and on Brexit anxiety. The local currency won also closed flat, while benchmark bond yields rose.

** The Federal Reserve is expected to cut rates again for the third time this year at its Oct. 29-30 meeting, a Reuters poll showed on Thursday. Another cut is also forecast for early next year, with no more changes expected for the rest of 2020.

** Prime Minister Boris Johnson called on Thursday for a general election on Dec. 12 to break Britain’s Brexit impasse, conceding for the first time he will not meet his “do or die” deadline to leave the European Union next week.

** The benchmark stock index KOSPI rose 2.23 points, or 0.11%, to close at 2,087.89. The index rose 1.32% for the week to mark the third consecutive weekly gain, while it rose 1.20% on a monthly basis.

** Shares of POSCO ended down 4.5% as concerns the steelmaker would likely face further cost burdens and a supply glut clouded the company’s outlook.

** Foreigners were net buyers of 57.9 billion won ($49.37 million) worth of shares on the main board.

** The won was quoted at 1,173.0 per dollar on the onshore settlement platform, 0.01% lower than its previous close at 1,172.9. For the week, the currency climbed 0.73%, extending the weekly gain to a fourth session, while it jumped 1.98% on a monthly basis.

** In offshore trading, the won was quoted at 1,173.0 per U.S. dollar, up 0.2% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,172.0 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.08%, after U.S. stocks ended higher overnight on strong quarterly results from Microsoft and PayPal . Japanese stocks rose 0.22%.

** The KOSPI has risen 2.30% so far this year, but gained 3.8% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 338.51 million shares and, of the total traded issues of 899, the number of advancing shares was 302.

** The won has lost 4.9% against the U.S dollar so far this year.

** In money and debt markets, December futures on three-year treasury bonds fell 0.12 points to 110.26, while the 3-month Certificate of Deposit rate was quoted at 1.37%.

** The most liquid 3-year Korean treasury bond yield rose by 2.8 basis points to 1.424%, while the benchmark 10-year yield rose by 1.7 basis points to 1.655%. ($1 = 1,172.8300 won) (Reporting by Joori Roh; Editing by Rashmi Aich)

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