November 28, 2019 / 2:21 AM / 3 months ago

S.Korean stocks inch down as Hong Kong tensions threaten trade deal

    * KOSPI edges lower, foreigners net sellers
    * Korean won weakens versus U.S. dollar
    * South Korea benchmark bond yield falls

    SEOUL, Nov 28 (Reuters) - Round-up of South Korean financial
** South Korean shares slipped on Thursday after U.S. President
Donald Trump signed a legislation supporting Hong Kong
supporters, drawing ire from Beijing and stoking fears about the
prospects of a trade deal with China. The won weakened and the
benchmark bond yield dropped. 
** President Trump on Wednesday signed into law congressional
legislation backing protesters in Hong Kong despite angry
objections from Beijing, with which he is seeking a deal to end
a damaging trade war.             
** China's Foreign Ministry said it resolutely opposed to the
U.S. law on Hong Kong, noting Washington should shoulder all
consequences if it continues this way.             
** Trump's approval of the Hong Kong bill was the biggest source
of anxiety in the markets today, but its impact was limited as
it was factored in earlier, said Han Ji-young, an analyst at
Cape Investment & Securities. 
** As of 0214 GMT, the Seoul stock market's main KOSPI        
fell 2.29 points, or 0.11%, to 2,125.56.
** Shares of Samsung Publishing             jumped by 30% daily
limit as "Baby Shark" song re-enters Billboard chart. The
company is the second-biggest shareholder in SmartStudy that
created the song and video.             
** Foreigners were net sellers of 32.0 billion won ($27.13
million) worth of shares on the main board. 
** The won was quoted at 1,179.3 per dollar on the onshore
settlement platform           , 0.18% lower than its previous
close at 1,177.2.
** In offshore trading, the won        was quoted at 1,179.2 per
U.S. dollar, down 0.3% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,178.0 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.09%, after U.S. stocks closed at
record levels            . Japanese stocks         rose 0.03%.
** The KOSPI has risen 4.17% so far this year, and gained 2.2%
in the previous 30 trading sessions.
** The trading volume during the session in the KOSPI index
        was 149.29 million shares and, of the total traded
issues of 901, the number of advancing shares was 305.
** The won has lost 5.4% against the dollar so far this year.
** In money and debt markets, December futures on three-year
treasury bonds         was unchanged at 110.29, while the
3-month Certificate of Deposit rate was quoted at 1.53%.
** The most liquid 3-year Korean treasury bond yield fell by 1.5
basis points to 1.442%, while the benchmark 10-year yield fell
by 1.6 basis points to 1.656%.    

($1 = 1,179.3300 won)    

 (Reporting by Hayoung Choi; Editing by Aditya Soni)
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