June 12, 2019 / 6:58 AM / 3 months ago

S.Korean stocks snap 4-day rally on trade war uncertainties

* KOSPI index drops, foreigners net sellers

* Korean won weakens versus U.S. dollar

* South Korea benchmark bond yield falls

* For the midday report, please click

SEOUL, June 12 (Reuters) - Round-up of South Korean financial markets:

** South Korea’s KOSPI stock index snapped a four-day rally and fell on Wednesday as investors cautiously watched the development of U.S.-China trade talks, with worries renewing after U.S. President Donald Trump added to pressure against China. The Korean won and the benchmark bond yield fell. ** President Trump said on Tuesday he was holding up a trade deal with China and had no interest in moving ahead unless Beijing agrees again to four or five “major points” that Trump did not specify.

** This month’s G20 summit will help push U.S-China trade talks forward but no final agreement was expected to be reached there, U.S. Commerce Secretary Wilbur Ross said on Tuesday. He added that a definitive trade deal with Beijing could not be made at the summit.

** The Seoul stock market’s main KOSPI fell 3.06 points or 0.14% to 2,108.75, snapping a four-session winning streak.

** As it’s difficult to figure out how the Sino-U.S. talks are going on, investors are taking a cautious stance, said Kim Ji-hyung, an analyst at Hanyang Securities.

** South Korean shares exposed to North Korea closed firmer as U.S. President Donald Trump said he has received a letter from North Korean leader Kim Jong Un.

** Foreigners were net sellers of 0.3 billion won ($253,635.44) worth of shares on the main board.

** The won was quoted at 1,182.6 per dollar on the onshore settlement platform, 0.19% lower than its previous close at 1,180.4.

** In offshore trading, the won was quoted at 1,182.8 per U.S. dollar, down 0.4% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,181.4 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.66%, after U.S. stocks inched lower . Japanese stocks fell 0.35%.

** The KOSPI has risen 3.32% so far this year, but lost 3.6% in the previous 30 trading sessions.

** The current price-to-earnings ratio is 12.10, the dividend yield is 1.28% and the market capitalisation is 1,242.04 trillion won.

** The trading volume during the session on the KOSPI index was 685.98 million shares and, of the total traded issues of 892, the number of advancing shares was 425.

** The won has lost 5.7% against the U.S dollar so far this year.

** In money and debt markets, June futures on three-year treasury bonds rose 0.20 points to 110.27, while the 3-month Certificate of Deposit rate was quoted at 1.81%.

** The most liquid 3-year Korean treasury bond yield fell by 6.9 basis points to 1.473%, while the benchmark 10-year yield fell by 7.8 basis points to 1.602%. ($1 = 1,182.8000 won) (Reporting by Hayoung Choi; Editing by Rashmi Aich)

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