May 6, 2020 / 2:48 AM / 2 months ago

S.Korean shares gain as economies reopen from lockdown

    * KOSPI rises, foreigners net sellers
    * Korean won strengthens versus U.S. dollar
    * South Korea benchmark bond yield rises

    SEOUL, May 6 (Reuters) - Round-up of South Korean financial
markets:
    
** South Korean shares climbed on Wednesday, tracking recent
gains on Wall Street, as some countries started to ease lockdown
measures and gradually re-open their economies. The Korean won
and the benchmark bond yield strengthened.
    
** The Seoul stock market's main KOSPI         was up 15.29
points, or 0.81%, at 1,910.66, as of 0207 GMT.
    
** Italy and the United States were among a slew of countries
tentatively easing coronavirus-induced lockdown on Monday to
revive economies as global deaths surpassed a quarter of a
million.             
    
** South Korea, which reported two new coronavirus cases on
Wednesday, has started to relax social distancing rules,
allowing a phased reopening of businesses.             
    
** Stocks are rebounding since late March from the
coronavirus-fueled sell-off, helped by massive monetary and
fiscal stimulus. Investors are now watching efforts by a number
of states trying to spark their economies by easing restrictions
put in place to fight the outbreak.
    
** Stock prices rose following Wall Street's two-day winning
streak amid re-opening hopes of economies, said Kiwoom
Securities' analyst Seo Sang-young, adding that worries over
U.S.-China trade and global economic recession kept further
gains in check. 
    
** Foreigners were net sellers of 192.3 billion won ($157.28
million) worth of shares on the main board. 
    
** The won was quoted at 1,222.1 per dollar on the onshore
settlement platform           , 0.57% higher than its previous
close at 1,229.1.
    
** In offshore trading, the won        kept little changed at
1,222.5 per dollar, while in non-deliverable forward trading its
one-month contract               was quoted at 1,221.7.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.20%.
    
** The KOSPI lost 13.06% so far this year, but gained 19.1% in
the previous 30 trading sessions.
    
** The trading volume during the session in the KOSPI index
        was 445.57 million shares. Of the total traded issues of
895, the number of advancing shares was 668.
    
** The won lost 5.4% against the dollar so far this year.
    
** In money and debt markets, June futures on three-year
treasury bonds         was unchanged at 111.75.
    
** The most liquid 3-year Korean treasury bond yield fell by 1.4
basis points to 0.963%, while the benchmark 10-year yield
climbed 0.9 basis points to 1.508%.

($1 = 1,222.6500 won)

 (Reporting by Jihoon Lee, Editing by Sherry Jacob-Phillips)
  
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