November 13, 2019 / 2:14 AM / a month ago

S.Korea stocks fall nearly 1% amid trade deal uncertainty

    * KOSPI sags, foreigners net sellers
    * Korean won drops versus U.S. dollar
    * South Korea benchmark bond yield down

    SEOUL, Nov 13 (Reuters) - Round-up of South Korean financial
** South Korean shares dropped almost 1% on Wednesday as
President Donald Trump's speech failed to provide any new
details on when the U.S.-China trade deal would be signed,
leaving investors disappointed. The won and the benchmark bond
yield also slipped.
** President Donald Trump on Tuesday dangled the prospect of
completing an initial trade deal with China "soon," but offered
no information on the negotiations in a campaign-style speech
touting his administration's economic record.             
** Trump's speech provided no clear clues on trade talks,
triggering investors to dump stocks out of disappointment, said
Park Seok-hyun, an analyst at KTB Investment & Securities. 
** As of 02:03 GMT, the Seoul stock market's main KOSPI        
fell 20.33 points, or 0.95%, to 2,120.59.
** Foreigners were net sellers of 64.8 billion won ($55.80
million) worth of shares on the main board. 
** The won was quoted at 1,167.8 per dollar on the onshore
settlement platform           , 0.60% weaker than its previous
close at 1,160.8.
** In offshore trading, the won        was quoted at 1,167.7 per
U.S. dollar, down 0.2% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,166.4 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.76%, while U.S. stocks ended modestly
higher overnight            . Japanese stocks         fell
** The KOSPI has risen 4.04% so far this year, and gained 4.4%
in the previous 30 trading sessions.
** The trading volume during the session on the KOSPI index
        was 270.20 million shares and, of the total traded
issues of 898, the number of advancing shares was 254.
** The won has lost 4.5% against the dollar so far this year.
** In money and debt markets, December futures on three-year
treasury bonds         rose 0.04 points to 109.90, while the
3-month Certificate of Deposit rate was quoted at 1.53% in late
afternoon trade.
** The most liquid 3-year Korean treasury bond yield fell by 2.5
basis points to 1.543% in late afternoon trade, while the
benchmark 10-year yield fell by 1.5 basis points to 1.827%.

($1 = 1,161.2300 won)    

 (Reporting by Hayoung Choi; editing by Uttaresh.V)
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