October 28, 2019 / 7:02 AM / 21 days ago

S.Korean stocks, won gain on expectation of partial trade deal

* KOSPI climbs, foreigners net sellers

* Korean won strengthens versus U.S. dollar

* South Korea benchmark bond yield rises

* For the midday report, please click

SEOUL, Oct 28 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares gained for a third straight session on Monday, as investors cheered progress in U.S.-China trade talks. The won strengthened and the benchmark bond yield rose.

** U.S. and Chinese officials were “close to finalizing” some parts of a trade agreement after high-level telephone discussions on Friday, the U.S. Trade Representative’s office and China’s Commerce Ministry said, with talks to continue.

** South Korean shares were buoyed by trade optimism, said Park Seok-hyun, an analyst at KTB Investment & Securities. Its currency movement also reflected expectations of Sino-U.S. trade deal, he added.

** The Seoul stock market’s main KOSPI ended up 5.71 points, or 0.27%, at 2,093.60.

** Shares of South Korean firms with stakes in cryptocurrency exchanges jumped after China’s President Xi Jinping said his country should accelerate the development of blockchain technology.

** Foreigners were net sellers of 55.9 billion won ($47.77 million) worth of shares on the main board.

** The won was quoted at 1,170.7 per dollar on the onshore settlement platform, 0.20% higher than its previous close at 1,173.0.

** In offshore trading, the won was quoted at 1,170.4 per U.S. dollar, up 0.1% from the previous day, while in non-deliverable forward trading, its one-month contract was quoted at 1,168.9 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.46%, after U.S. stocks closed up on Friday. Japanese stocks ended up 0.30%.

** The KOSPI has risen 2.58% so far this year, and gained 3.4% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 264.55 million shares and, of the total traded issues of 897, the number of advancing shares was 457.

** The won has lost 4.7% against the dollar so far this year.

** In money and debt markets, December futures on three-year treasury bonds fell 0.28 points to 109.95, while the 3-month Certificate of Deposit rate was quoted at 1.37%.

** The most liquid 3-year Korean treasury bond yield rose by 7.8 basis points to 1.511%, while the benchmark 10-year yield rose by 8.2 basis points to 1.753%. ($1 = 1,170.1300 won) (Reporting by Hayoung Choi; editing by Uttaresh.V)

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