November 15, 2019 / 1:48 AM / a month ago

S.Korea stocks climb on signs China, U.S. close to trade deal

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

    SEOUL, Nov 15 (Reuters) - Round-up of South Korean financial
markets: 
South Korean shares rose on Friday after White House economic
adviser Larry Kudlow's remarks supported investor optimism over
a potential U.S.-China trade deal. The Korean won strengthened,
while the benchmark bond yield dropped.
    
** As of 0053 GMT, the Seoul stock market's main KOSPI        
was up 12.87 points, or 0.60%, at 2,152.10. For the week, the
benchmark index was set to gain about 0.8%. 
    
** The United States is getting close to a trade agreement with
China, Kudlow said on Thursday, citing what he called "very
constructive" discussions with Beijing.             
    
** "Kudlow's remarks were the biggest momentum," said Seo
Sang-young, an analyst at Kiwoom Securities. 
    
** Foreigners were net sellers of 19 billion won ($16.36
million) worth of shares on the main board. 
    
** As of 0134 GMT, the Seoul stock market's main KOSPI        
was up 19.75 points, or 0.92%, at 2,158.98. For the week, the
benchmark index was set to gain about 1%.
        
** In offshore trading, the won        was quoted at 1,165.6 per
U.S. dollar, up 0.2% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,164.2 per dollar.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.34%, after U.S. stocks were little
changed overnight            . Japanese stocks         rose
0.58%.
    
** The KOSPI rose 5.44% so far this year, and gained 3.2% in the
previous 30 trading sessions.
    
** The trading volume during the session in the KOSPI index
        was 167.11 million shares and, of the total traded
issues of 890, the number of advancing shares was 450.
    
** The won lost 4.5% against the dollar so far this year.
    
** In money and debt markets, December futures on three-year
treasury bonds         dipped 0.04 points to 110.01, while the
3-month Certificate of Deposit rate was quoted at 1.53%.
    
** The most liquid 3-year Korean treasury bond yield dropped by
0.5 basis points to 1.512%, while the benchmark 10-year yield
fell 1.6 basis points to 1.772%.    

($1 = 1,161.2300 won)
    

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