September 26, 2019 / 2:39 AM / a month ago

S.Korea stocks climb on hints of Sino-U.S. trade progress

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

    SEOUL, Sept 26 (Reuters) - Round-up of South Korean
financial markets:
South Korean shares on Thursday recouped losses from the
previous session after U.S. President Donald Trump said a trade
deal with China could happen sooner than expected. The Korean
won was little changed, while the benchmark bond yield rose.
    
** U.S. President Donald Trump said a deal to end a nearly
15-month trade war with China could happen sooner than people
think and that the Chinese were making big agricultural
purchases from the United States, including of beef and pork.
            
    
** As of 0235 GMT, the Seoul stock market's main KOSPI        
was up 6.68 points, or 0.32%, at 2,080.07. 
   
** The rise, however, was limited as Trump kept changing his
views on the trade talks, said Park Seok-hyun, an analyst at KTB
Investment & Securities. Foreigners remained net sellers so far
this month as they were unsure about South Korean firms'
business prospect, though they were positive on IT sector. 
        
** Foreigners were net sellers of 20.2 billion won ($16.85
million) worth of shares on the main board, as of early
Thursday. 
    
** The won was quoted at 1,198.7 per dollar on the onshore
settlement platform           , 0.01% higher than its previous
close at 1,198.8.
    
** In offshore trading, the won        was quoted at 1,199.1 per
U.S. dollar, unchanged from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,197.8 per dollar.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.13%, after U.S. stocks gained. Japanese
stocks         rose 0.29%.            
    
** The KOSPI rose 1.98% so far this year, and gained 7.0% in the
previous 30 trading sessions.
    
** The trading volume during the session in the KOSPI index
        was 191.85 million shares and, of the total traded
issues of 892, the number of advancing shares was 577.
    
** The won has lost 6.9% against the U.S dollar so far this
year.
    
** In money and debt markets, December futures on three-year
treasury bonds         dipped 0.01 points to 110.80.
 
** The most liquid 3-year Korean treasury bond yield rose by 0.1
basis points to 1.306%, while the benchmark 10-year yield
climbed 1.8 basis points to 1.442%.

    ($1 = 1,199.0000 won)
    

 (Reporting by Hayoung Choi, Editing by Sherry Jacob-Phillips)
  
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