June 26, 2020 / 7:13 AM / 11 days ago

S.Korean stocks jump 1% on Wall Street gains

* KOSPI jumps 1%, foreigners net buyers

* KRW strengthens against USD

* S.Korea benchmark bond yield falls

* For the midday report, please click

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

** South Korean stocks rose on Friday, tracking Wall Street overnight, but worries about a surge in coronavirus infections around the world capped further gains.

** The benchmark KOSPI closed 22.28 points higher, or 1.05%, at 2,134.65. For the week, however, the index lost 0.31%.

** Wall Street’s main indexes ended 1% higher on Thursday after U.S. banking regulators unveiled new rules that will make life easier for large banks with complex trading and investment portfolios.

** The United States set a new record for a one-day increase in coronavirus cases on Thursday, leading Texas to temporarily halt the state’s reopening.

** “KOSPI opened higher on improved sentiment following the strong U.S. stock market, but it partially retreated after report of a daily record of U.S. infections,” said Kiwoom Securities’ analyst Seo Sang-young.

** Foreigners were net buyers of 61.5 billion won worth of shares on the main board.

** The won was quoted at 1,200.6 per dollar on the onshore settlement platform, 0.34% higher than its previous close at 1,204.7. It strengthened 0.75% for the week.

** In offshore trading, the won was quoted at 1,199.9 per dollar, up 0.2% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,199.9.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.38%, while Japanese stocks rose 1.13%.

** In money and debt markets, September futures on three-year treasury bonds rose 0.01 point to 112.16, while the 3-month Certificate of Deposit rate was quoted at 0.79% in late afternoon trade.

** The most liquid 3-year Korean treasury bond yield fell by 0.6 basis point to 0.811% in late afternoon trade, while the benchmark 10-year yield fell by 2.1 basis points to 1.324%. (Reporting by Joori Roh; Editing by Krishna Chandra Eluri)

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