May 14, 2019 / 2:34 AM / 2 months ago

S.Korea stocks edge higher as trade talk optimism revives

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

    SEOUL, May 14 (Reuters) - Round-up of South Korean financial
** South Korea's KOSPI stock index         rose on Tuesday on
revived optimism on Sino-U.S. trade talks, fuelled by U.S.
President Donald Trump's latest remark. The Korean won
strengthened, while the benchmark bond yield fell.
** As of 0220 GMT, the Seoul stock market's main KOSPI rose 6.64
points, or 0.32%, to 2,085.65. 
** President Trump said he was optimistic about resolving the
U.S. trade dispute with China. "We'll let you know in about
three or four weeks whether of not it was successful. But I have
a feeling it's going to be very successful," Trump said.
** Following Trump's remark, local stock market turned higher
and other Asian markets are recovering, said Huh Jae-whan, an
analyst at Eugene Investment & Securities. 
** Foreigners were net sellers of 124.4 billion won ($104.93
million) worth of shares on the main board. 
** The won was quoted at 1,185.6 per dollar on the onshore
settlement platform           , 0.16% higher than its previous
close at 1,187.5.

** In offshore trading, the won        was quoted at 1,186.6 per
U.S. dollar, up 0.1% from the previous day, while in one-year
non-deliverable forward trading its one-month contract
              was quoted at 1,185.1 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 1.09%, after U.S. stocks sank
           . Japanese stocks         fell 0.82%.
** The KOSPI has risen 2.08% so far this year, and fell 2.3% in
the previous 30 trading sessions.
** The current price-to-earnings ratio is 12.10, the dividend
yield is 1.28% and the market capitalisation is 1,242.04
trillion won.
** The trading volume during the session on the KOSPI index
        was 351.23 million shares, and of the total traded
issues of 891, the number of advancing shares was 443.
** The won has lost 5.9% against the U.S dollar this year.
** In money and debt markets, June futures on three-year
treasury bonds         rose 0.03 points to 109.54.
** The most liquid 3-year Korean treasury bond yield fell by 1.0
basis points to 1.711%, while the benchmark 10-year yield fell
by 0.6 basis points to 1.868%.

($1 = 1,185.5500 won)

 (Reporting by Yuna Park and Hayoung Choi; Editing by Rashmi
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