April 18, 2016 / 6:10 AM / in 4 months

S.Korean stocks see highest close in nearly 6 months on trade optimism

* KOSPI rises for 4th straight session, foreigners net buyers

* Korean won strengthens versus U.S. dollar

* South Korea benchmark bond yield drops

* For the midday report, please click

SEOUL, Nov 5 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares closed at their highest since early-May on Tuesday on increasing signs that the United States and China moved closer to a trade truce. The Korean won strengthened, while the benchmark bond yield fell.

** U.S. Commerce Secretary Wilbur Ross said that very good progress was being made towards completing a phase one trade agreement with China and he was hopeful that it would be a precursor to a much more robust agreement.

** Global trade barriers must be removed, and countries should uphold basic multilateral trade principles while standing firm against protectionism, Chinese President Xi Jinping said.

** Expectations rose that the potential trade deal between the United States and China could be broader than seen earlier, said Park Seok-hyun, an analyst at KTB Investment & Securities.

** The Seoul stock market’s main KOSPI rose 12.40 points, or 0.58%, to 2,142.64, rising for the fourth straight session.

** Foreigners were net buyers of 330.2 billion won ($285.29 million) worth of shares on the main board, the most since July 11.

** The won was quoted at 1,157.5 per dollar on the onshore settlement platform, 0.15% higher than its previous close at 1,159.2.

** In offshore trading, the won was quoted at 1,157.4 per U.S. dollar, up 0.5% from the previous day, while in non-deliverable forward trading, its one-month contract was quoted at 1,156.7 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.48%, after U.S. stocks closed firmer overnight. Japanese stocks ended up 1.76%.

** The KOSPI has risen 4.98% so far this year, and gained 2.4% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 393.86 million shares and, of the total traded issues of 903, the number of advancing shares was 503.

** The won has lost 3.6% against the dollar so far this year.

** In money and debt markets, December futures on three-year treasury bonds rose 0.14 points to 109.96, while the 3-month Certificate of Deposit rate was quoted at 1.48% in late afternoon trade. ** The most liquid 3-year Korean treasury bond yield fell by 2.4 basis points to 1.524% in late afternoon trade, while the benchmark 10-year yield fell by 0.7 basis points to 1.817%.

$1 = 1,157.4000 won Reporting by Hayoung Choi; editing by Uttaresh.V

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