June 19, 2020 / 3:18 AM / 24 days ago

S.Korea shares set to post weekly loss on pandemic worries, tensions with N.Korea

    SEOUL, June 19 (Reuters) - Round-up of South Korean
financial markets:
    
    ** South Korean shares fell on Friday, set to post a second
straight weekly loss, amid ongoing concerns of a second pandemic
wave and tensions with North Korea. The Korean won weakened,
while the benchmark bond yield rose.
    
    ** The Seoul stock market's main KOSPI         fell 13.15
points, or 0.62%, to 2,120.33, as of 0212 GMT. For the week, the
KOSPI is set to lose 0.56%. 
    
    ** Risk-averse sentiment firmed as the pace of decline in
the number of Americans filing for unemployment benefits
stalled, supporting views the economy faces a long and difficult
recovery from the COVID-19 recession.             
    
    ** Along with the country's ongoing tensions with the North,
investors' worries grew over the U.S.-China rift as President
Donald Trump renewed his threat on Thursday to cut ties with
China.             
    
    ** It is burdensome for the index to climb higher at this
level with no positive factors in sight other than continued
uncertainty of North Korea risks, said DS Investment &
Securities' analyst Na Jeong-hwan. 
    
    ** Foreigners were net sellers of 110.1 billion won ($90.78
million) worth of shares on the main board. 
    
    ** The won was quoted 0.40% lower at 1,212.9 per dollar on
the onshore settlement platform           .
    
    ** In offshore trading, the won        was quoted flat at
1,212.5 per  dollar, while in non-deliverable forward trading
its one-month contract               was quoted at 1,211.5. 
    
    ** In money and debt markets, September futures on
three-year treasury bonds         rose 0.05 point to 112.07.
    
    ** The most liquid 3-year Korean treasury bond yield fell by
2.3 basis points to 0.819%, while the benchmark 10-year yield
rose by 1.8 basis points to 1.388%.

($1 = 1,212.7900 won)

 (Reporting by Jihoon Lee; Editing by Krishna Chandra Eluri)
  
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