February 26, 2020 / 2:27 AM / a month ago

S.Korea stocks fall more than 1% as virus worries deepen

    * KOSPI falls as much as 2.1%, foreigners net sellers
    * Korean won weakens versus U.S. dollar
    * South Korea benchmark bond yield falls

    SEOUL, Feb 26 (Reuters) - Round-up of South Korean financial
** South Korean stocks declined more than 1% on Wednesday,
tracking sharp losses in U.S. markets overnight, as the nation's
mounting coronavirus cases heightened concerns about the impact
on economy. The Korean won and the benchmark bond yield fell.
** The country on Wednesday reported 253 newly confirmed virus
cases over the last 24 hours, bringing the total to 1,146. The
pace of increase has quickened from a day earlier, according to
official data.                          
** The Dow and the S&P 500 tumbled 3% on Tuesday in their fourth
straight day of losses as the coronavirus spread further around
the world.             
** As of 0218 GMT, the Seoul stock market's main KOSPI        
fell 28.37 points, or 1.35%, to 2,075.24. The index stumbled
over 2% to its lowest since Dec. 5, 2019 just after the markets
** Foreign investors' selling streak weighed, as they stayed
away from risk assets globally, said Noh Dong-kil, an analyst at
NH Investment & Securities. 
** Foreigners were net sellers of 393.1 billion won ($323
million) worth of KOSPI stocks on Wednesday, after they
offloaded around 1.5 trillion won worth of stocks during the two
previous sessions. 
** The won was quoted at 1,219.4 per U.S. dollar on the onshore
settlement platform           , 0.75% lower than its previous
close at 1,210.3.
** In offshore trading, the won        was quoted at 1,219.3 per
dollar, down 0.3% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,217.9 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 1.27%            . Japanese stocks
        fell 1.73%.
** The KOSPI has fallen 5.76% so far this year, and lost 4.7% in
the previous 30 trading sessions.
** The trading volume during the session in the KOSPI index
        was 370.03 million shares. Of the total traded issues of
903, the number of advancing shares was 141.
** The won has lost 5.2% against the dollar so far this year.
** In money and debt markets, March futures on three-year
treasury bonds         rose 0.12 points to 111.31, while the
3-month Certificate of Deposit rate was quoted at 1.41%.
** The most liquid 3-year Korean treasury bond yield fell by 2.5
basis points to 1.141%, while the benchmark 10-year yield fell
by 3.6 basis points to 1.387%.
($1 = 1,216.9800 won)    

 (Reporting by Hayoung Choi; Editing by Sriraj Kalluvila)
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