December 27, 2019 / 7:29 AM / 22 days ago

S.Korean stocks gain as trade deal optimism outweighs ex-div adjustment

* KOSPI climbs, foreigners net buyers

* Korean won barely budges vs dollar

* South Korea benchmark bond yield rises

* For the midday report, please click

SEOUL, Dec 27 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares followed Wall Street to end higher on Friday, as losses from stocks trading ex-dividend was outweighed by a report of robust U.S. online holiday sales and optimism over a U.S.-China trade deal. The Korean won was little changed, while the benchmark bond yield rose.

** In a yearly event, 46.0 points - equivalent to 2.09% - were shaved off the benchmark index by the ex-dividend price adjustment, according to the Korea Exchange.

** The Seoul stock market’s main KOSPI ended up 6.28 points, or 0.29%, at 2,204.21. Earlier in the session, the index rose as much as 0.8% to touch its highest since May 2.

** Sentiment was boosted after Beijing said on Thursday it was in close contact with Washington about an initial trade agreement, shortly after U.S. President Donald Trump talked up a signing ceremony for the recently struck Phase 1 trade deal.

** In addition to trade hopes, the report on strong holiday sales from the United States also supported risk appetite, said Noh Dong-kil, an analyst at NH Investment & Securities.

** U.S. shoppers spent more online during this year’s holiday shopping season, a report by Mastercard Inc showed on Wednesday, with e-commerce sales hitting a record high.

** Overnight, the Nasdaq crossed the 9,000-point mark for the first time as all three major Wall Street indexes posted record closing highs boosted by optimism over U.S.-China trade relations and gains in shares of Amazon.com.

** Foreigners were net buyers of 55.9 billion won ($48.15 million) worth of shares on the main board.

** The won was quoted at 1,161.5 per dollar on the onshore settlement platform, 0.03% higher than its previous close at 1,161.8.

** In offshore trading, the won was quoted at 1,161.0 per U.S. dollar, steady from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,159.2 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.66%. Japanese stocks fell 0.36%.

** The KOSPI has risen 7.99% so far this year, and gained 3.6% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 482.65 million shares and, of the total traded issues of 909, the number of advancing shares was 416.

** 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 fell 0.04 points to 110.50, 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 0.2 basis points to 1.370% in late afternoon trade, while the benchmark 10-year yield rose by 4.1 basis points to 1.685%.

$1 = 1,160.9000 won Reporting by Hayoung Choi; Editing by Aditya Soni

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