January 7, 2020 / 7:06 AM / 17 days ago

S.Korean stocks, won bounce back as U.S.-Iran tensions ease

* KOSPI climbs 1%, foreigners net buyers

* Korean won strengthens versus U.S. dollar

* South Korea benchmark bond yield rises

* For the midday report, please click

SEOUL, Jan 7 (Reuters) - Round-up of South Korean financial markets:

** South Korean stocks recouped the previous session’s losses to end higher on Tuesday as fears of an all-out conflict between the United States and Iran ebbed. The won and the benchmark bond yield rose.

** The KOSPI ended up 20.47 points, or 0.95%, at 2,175.54.

** Investors were relieved as there was no immediate escalation in tensions between Washington and Tehran, but some confusion prevailed over repositioning of U.S. troops in preparation for leaving Iraq.

** Sentiment was negative, but it turned around soon as investors did not foresee the geopolitical tension would lead to a war, Hana Financial Investment’s analyst Lee Young-gon said.

** Foreigners were net buyers of 191.3 billion won ($164.03 million) worth of shares on the main board.

** The won was quoted at 1,166.4 per dollar on the onshore settlement platform, 0.49% higher than its previous close at 1,172.1.

** In offshore trading, the won was quoted at 1,166.1 per U.S. dollar, up 0.1% from the previous day, while in non-deliverable forward trading, its one-month contract was quoted at 1,165.3 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.64%, after U.S. stocks gained overnight . Japanese stocks rose 1.60%.

** The KOSPI has fallen 1.01% so far this year, but gained 1.4% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 559.33 million shares and, of the total traded issues of 908, the number of advancing shares was 512.

** The won has lost 0.9% against the dollar so far this year.

** In money and debt markets, March futures on three-year treasury bonds fell 0.17 points to 110.62, 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 rose by 5.3 basis points to 1.329% in late afternoon trade, while the benchmark 10-year yield rose by 7.9 basis points to 1.616%.

$1 = 1,166.2400 won Reporting by Hayoung Choi; editing by Uttaresh.V

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