October 15, 2019 / 2:08 AM / a month ago

S.Korea stocks flat as trade optimism ebbs

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

    SEOUL, Oct 15 (Reuters) - Round-up of South Korean financial
markets:
    
** South Korean shares were nearly flat on Tuesday, as investors
were wary over further outcome of U.S.-China trade talks. The
Korean won was almost unchanged, while the benchmark bond yield
fell.
    
** As of 0202 GMT, the Seoul stock market's main KOSPI        
rose 4.32 points, or 0.21%, to 2,071.72. 
    
** China wants more talks as soon as the end of October to
hammer out the details of the "phase one" trade deal outlined by
U.S. President Donald Trump before Chinese President Xi Jinping
agrees to sign it, Bloomberg reported.             
    
** Views increased that there would be no further progress in
the trade talks, said Na Jeong-hwan, an analyst at DS Investment
& Securities. The Bank of Korea will likely deliver a rate cut
on Wednesday and the market reaction would be limited to the
widely-expected move, he added. 
    
** All but one of 31 analysts surveyed by Reuters expected the
central bank to cut its seven-day repurchase rate             
by 25 basis points to 1.25% at its monetary policy board meeting
on Wednesday.             
            
** Foreigners were net sellers of 14.3 billion won ($12.08
million) worth of shares on the main board. 
    
** The won was quoted at 1,183.6 per dollar on the onshore
settlement platform           , 0.11% higher than its previous
close at 1,184.9.
    
** In offshore trading, the won        was quoted at 1,184.2 per
U.S. dollar, unchanged from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,183.2 per dollar.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.09%, after U.S. stocks dropped modestly
           . Japanese stocks         rose 1.78%.
    
** The KOSPI has risen 1.43% so far this year, and gained 7.4%
in the previous 30 trading sessions.
    
** The trading volume during the session in the KOSPI index
        was 162.05 million shares and, of the total traded
issues of 884, the number of advancing shares was 418.
    
** The won has lost 5.7% against the dollar so far this year.
    
** In money and debt markets, December futures on three-year
treasury bonds         rose 0.02 points to 110.86, while the
3-month Certificate of Deposit rate was quoted at 1.55%.
    
** The most liquid 3-year Korean treasury bond yield fell by 0.2
basis points to 1.279%, while the benchmark 10-year yield fell
by 1.4 basis points to 1.475%.    

($1 = 1,184.1000 won)    

 (Reporting by Hayoung Choi; Editing by Rashmi Aich)
  
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