January 15, 2020 / 7:00 AM / 14 days ago

S.Korean stocks snap 4-day gains ahead of trade deal signing

* KOSPI declines, foreigners net sellers

* Korean won weakens versus U.S. dollar

* South Korea benchmark bond yield falls

* For the midday report, please click

SEOUL, Jan 15 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares snapped a 4-session winning streak on Wednesday, as investors awaited the fine print of a Phase 1 trade deal between the United States and China. The Korean won and the benchmark bond yield fell.

** The Seoul stock market’s main KOSPI closed down 7.89 points, or 0.35%, at 2,230.98, after rising for a fourth straight session.

** Investor sentiment soured after remarks from U.S. Treasury Secretary Steven Mnuchin that the U.S. would maintain tariffs on Chinese goods until the completion of a second phase of agreement between the two sides.

** U.S. President Donald Trump is slated to sign the Phase 1 deal with Chinese Vice Premier Liu He at the White House later in the day.

** If the agreement ends up including no fresh details beyond expectations, the markets are likely to tread water after the signing ceremony, said Park Seok-hyun, an analyst at KTB Investment & Securities.

** South Korea’s central bank is expected to keep its policy rate unchanged at its rate review this week, a Reuters poll showed on Wednesday, although views are split on whether there will be further easing this year.

** Foreigners were net sellers of 86.5 billion won ($74.76 million) worth of shares on the main board.

** The won was quoted at 1,157.0 per dollar on the onshore settlement platform, 0.08% lower than its previous close at 1,156.1.

** In offshore trading, the won was quoted at 1,156.8 per U.S. dollar, flat from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,155.7 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.36% after U.S. stocks slipped overnight. Japanese stocks fell 0.45%.

** The KOSPI has risen 1.52% so far this year, and gained 5.7% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 732.35 million shares and, of the total traded issues of 906, advancing shares were 513.

** The won has lost 0.1% against the dollar so far this year.

** In money and debt markets, March futures on three-year treasury bonds fell 0.02 points to 110.43, while the 3-month Certificate of Deposit rate was quoted at 1.46% in late afternoon trade.

** The most liquid 3-year Korean treasury bond yield rose by 0.7 basis points to 1.391% in late afternoon trade, while the benchmark 10-year yield fell by 2.5 basis points to 1.691%.

$1 = 1,157.0700 won Reporting by Hayoung Choi; Editing by Shailesh Kuber

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