November 29, 2019 / 1:53 AM / 8 days ago

S.Korea stocks decline after c.bank stands pat; dissenters in focus

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

    SEOUL, Nov 29 (Reuters) - Round-up of South Korean financial
markets:    
South Korean shares slid on Friday after its central bank left
interest rates unchanged, while investors were closely watching
the number of dissenters who voted for a rate cut. The Korean
won was little changed, while the benchmark bond yield dropped.
    
** South Korea's central bank left interest rates unchanged, as
widely expected, at its last policy meeting of the year, while
assessing the effect of its recent rate cuts on an economy hit
hard by the Sino-U.S. trade war and cooling global demand. 
            
    
** The monetary decision has been already priced in and Friday's
drop was rather caused by foreigners' continued selloff, said
Lee Won, an analyst at Bookook Securities. If there are more
than two dissenters who voted for a cut, investors will take it
as a slowdown signal, he added. 
    
** As of 0146 GMT, the Seoul stock market's main KOSPI        
was down 19.01 points, or 0.90%, at 2,099.59. For the week, the
KOSPI was on track to drop about 0.11%.
        
** Foreigners were net sellers of 146.1 billion won ($123.88
million) worth of shares on the main board. 
    
** The won was quoted at 1,179.5 per dollar on the onshore
settlement platform           , 0.04% lower than its previous
close at 1,179.0.
    
** In offshore trading, the won        was quoted at 1,178.9 per
U.S. dollar, down 0.1% from the previous session, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,177.8 per dollar.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.08%, while Japanese stocks        
rose 0.07%.            
    
** The KOSPI rose 3.15% so far this year, and gained 2% in the
previous 30 trading sessions.
    
** The trading volume during the session in the KOSPI index
        was 131.73 million shares and, of the total traded
issues of 902, the number of advancing shares was 340.
    
** The won lost 5.4% against the dollar so far this year.
    
** In money and debt markets, December futures on three-year
treasury bonds         rose 0.03 points to 110.39, while the
3-month Certificate of Deposit rate was quoted at 1.53%.
    
** The most liquid 3-year Korean treasury bond yield fell by 0.7
basis points to 1.425%, while the benchmark 10-year yield fell
by 0.6 basis points to 1.663%.
    
    ($1 = 1,179.3300 won)
    

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