March 6, 2020 / 2:58 AM / 3 months ago

S.Korea stocks slide as virus cases continue to rise

    * KOSPI falls, snapping gains for four straight sessions
Korean won falls nearly 1% versus U.S. dollar
South Korea benchmark bond yield falls

    SEOUL, March 6 (Reuters) - Round-up of South Korean
financial markets:
 
** South Korean shares fell on Friday after gaining for
four-straight sessions, as investor confidence was shaken by
soaring virus cases in the United States and around the world
despite efforts to contain the outbreak. The Korean won weakened
nearly 1% against the dollar, while the benchmark bond yield
fell.
 
** South Korea, which is battling the biggest outbreak outside
China, reported 196 new cases on Thursday and a total of 6,284.
The death toll rose by seven to 42, according to the Korea
Centers for Disease and Control and Prevention (KCDC). 
    
** The fast-spreading epidemic across the United States and
Europe will keep investor sentiment weak, especially as the
number of confirmed cases aren't decreasing in South Korea, said
Kim Byung-yeon, an analyst at NH Investment & Securities. 
    
** Shares of South Korea's airlines dropped as Japan decided to
impose a two-week quarantine for visitors from South Korea amid
the coronavirus outbreak. Shares of Korean Air Lines            
slumped 6%, while Asiana Airlines             declined 3.7%   
** As of 0223 GMT, the Seoul stock market's main KOSPI        
fell 50.82 points, or 2.44%, to 2,034.44.
 
** For the week, the KOSPI gained 2.39%.
 
** Foreigners were net sellers of 337.6 billion won worth of
shares on the main board. 
 
** The won was quoted at 1,191.5 per dollar on the onshore
settlement platform           , 0.86% lower than its previous
close at 1,181.2.
 
** In offshore trading, the won        was quoted at 1,191.6 per
U.S. dollar, down 0.2% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,190.9 per dollar.
 
** The KOSPI has fallen 7.43% so far this year, but lost 6.9% in
the previous 30 trading sessions.
 
** The trading volume during the session in the KOSPI index
        was 454.66 million shares. Of the total traded issues of
901, the number of advancing shares was 65.
 
** The won has lost 2.9% against the dollar so far this year.
 
** The most liquid three-year Korean treasury bond yield fell by
3.2 basis points to 1.019%, while the benchmark 10-year yield
fell by 5.5 basis points to 1.277%.

 (Reporting by Cynthia Kim, Jihoon Lee; Editing by Maju Samuel)
  
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