November 12, 2019 / 2:21 AM / a month ago

S.Korea stocks flat amid Hong Kong crisis; focus shifts to Trump speech

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

    SEOUL, Nov 12 (Reuters) - Round-up of South Korean financial
South Korean shares were flat on Tuesday as investors waited for
clues from U.S. President Donald Trump on the status of trade
talks with China, amid a worsening domestic political situation
in Hong Kong. The won and the benchmark bond yield rose. 
** Caution ruled ahead of a speech by Trump to the Economic Club
of New York later in the day in case there was any new word on
the Sino-U.S. Phase one trade deal.    
** Investors were also eyeing the situation in Hong Kong after a
violent escalation of protests saw the local riot police fire
tear gas at a university campus on Tuesday, a day after a
protester was shot and a man set on fire in some of worst
violence to rock the Chinese-ruled city in more than five months
of anti-government demonstrations.             
** Whenever Hong Kong issue emerges, skeptical views over the
U.S.-China trade talks prevail, said Lee Won, an analyst at
Bookook Securities. For some time, Seoul shares would remain
steady as investors closely watch comments from Washington and
Beijing, he added.  
** As of 0214 GMT, the Seoul stock market's main KOSPI        
was trading at 2,126.58. 
** Foreigners were net sellers of 40 billion won ($34.45
million) worth of shares on the main board. 
** The won was quoted at 1,163.6 per dollar on the onshore
settlement platform           , 0.28% higher than its previous
close at 1,166.8.
** In offshore trading, the won        was quoted at 1,163.9 per
U.S. dollar, unchanged from the previous session, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,162.2 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.17%, after U.S. stocks sagged overnight
           . Japanese stocks         rose 0.19%.
** The KOSPI rose 4.30% so far this year, and gained 2.4% in the
previous 30 trading sessions.
** The trading volume during the session in the KOSPI index
        was 245.13 million shares and, of the total traded
issues of 900, the number of advancing shares was 325.
** The won lost 4.1% against the U.S dollar so far this year.
** In money and debt markets, December futures on three-year
treasury bonds         rose 0.05 points to 110.06, while the
3-month Certificate of Deposit rate was quoted at 1.53%.
** The most liquid 3-year Korean treasury bond yield rose by 1.0
basis points to 1.506%, while the benchmark 10-year yield rose
by 0.8 basis points to 1.793%.

   ($1 = 1,161.2300 won)    

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