March 3, 2016 / 6:16 AM / a month ago

S.Korean stocks rise on trade optimism, China lending rate cut

* KOSPI climbs for 11th session, foreigners net buyers

* Korean won strengthens versus U.S. dollar

* South Korea benchmark bond yield falls

* For the midday report, please click

SEOUL, Sept 20 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares climbed on Friday, extending gains into an eleventh session, as negotiators from the United States and China resumed talks and China cut its new loan rate for a second month. The won strengthened, while the benchmark bond yield fell.

** U.S. and Chinese deputy trade negotiators resumed face-to-face talks for the first time in nearly two months on Thursday, as the world’s two largest economies try to bridge deep policy differences and find a way out of their protracted trade war.

** China cut its new one-year benchmark lending rate for the second month in a row on Friday, a step by the central bank to try to wrestle down borrowing costs and support the economy as the Sino-U.S. trade war drags on.

** The Sino-U.S. trade talks raised expectations that the two countries may strike a partial deal, said Kim Ji-hyung, an analyst at Hanyang Securities. Kim said it was hard to say the KOSPI has turned around despite recent gains.

** The Seoul stock market’s main KOSPI ended up 11.17 points, or 0.54%, at 2,091.52. It gained 2% in the week, its fifth straight weekly advance.

** Foreigners were net buyers of 43.7 billion won ($36.77 million) worth of shares on the main board.

** The won was quoted at 1,188.0 per dollar on the onshore settlement platform, 0.47% higher than its previous close at 1,193.6. On a weekly basis, the currency added 0.3%, marking the third straight weekly gain.

** In offshore trading, the won was quoted at 1,188.3 per U.S. dollar, up 0.5% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,187.1 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.53%, after U.S. stocks ended mixed on Thursday. Japanese stocks rose 0.16%.

** The KOSPI has risen 2.47% so far this year, and gained 6.9% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 577.24 million shares and, of the total traded issues of 894, the number of advancing shares was 492.

** The won has lost 6.1% against the U.S dollar so far this year.

** In money and debt markets, December futures on three-year treasury bonds fell 0.02 points to 110.69, while the 3-month Certificate of Deposit rate was quoted at 1.55%.

** The most liquid 3-year Korean treasury bond yield rose by 0.4 basis point to 1.333%, while the benchmark 10-year yield fell by 0.3 basis point to 1.459%.

$1 = 1,188.5300 won Reporting by Hayoung Choi; Editing by Subhranshu Sahu

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