October 21, 2019 / 2:02 AM / a month ago

S.Korea stocks flat on Brexit caution

    * KOSPI almost flat, foreigners net sellers
    * Korean won gains versus U.S. dollar
    * South Korea benchmark bond yield rises

    SEOUL, Oct 21 (Reuters) - Round-up of South Korean financial
markets:
    
** South Korean shares were largely unchanged on Monday as
investors stayed on the sidelines due to some uncertainties
around Britain's exit from the European Union but rising hopes
of a definitive Brexit deal kept losses in check. Both the
Korean won and the benchmark bond yield rose.

** The British government insisted on Sunday the country will
leave the European Union on Oct. 31 despite a letter that Prime
Minister Boris Johnson was forced by parliament to send to the
bloc requesting a Brexit delay.             
    
** Johnson will send a letter on Saturday requesting a further
extension to Britain's departure from the European Union, with
the British prime minister obliged to ask for a delay after
losing a vote in parliament.             
    
** Despite Johnson's defeat in the parliament, worries of
no-deal Brexit have almost vanished, which is supporting the
local stock markets, said Noh Dong-kil, an analyst at NK
Investment & Securities. 
    
** As of 0156 GMT, the Seoul stock market's main KOSPI        
rose 0.42 points, or 0.02%, to 2,061.11. 
            
** South Korean exports plunged 19.5% over the first 20 days of
October from a year earlier, led by weak sales to China and poor
global sales of semiconductors, data showed on Monday, clouding
the trade-reliant economy's outlook.             
    
** Foreigners were net sellers of 30.9 billion won ($26.27
million) worth of shares on the main board. 
    
** The won was quoted at 1,176.5 per dollar on the onshore
settlement platform           , 0.42% higher than its previous
close at 1,181.5.
    
** In offshore trading, the won        was quoted at 1,176.5 per
U.S. dollar, up 0.1% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,175.2 per dollar.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.06%, after U.S. stocks closed lower
           . Japanese stocks         rose 0.20%.
    
** The KOSPI has risen 1.05% so far this year, and gained 4.6%
in the previous 30 trading sessions.
    
** The trading volume during the session in the KOSPI index
        was 188.38 million shares and, of the total traded
issues of 894, the number of advancing shares was 269.
    
** The won has lost 5.2% against the dollar so far this year.
    
** In money and debt markets, December futures on three-year
treasury bonds         fell 0.05 points to 110.42, while the
3-month Certificate of Deposit rate was quoted at 1.36%.
    
** The most liquid 3-year Korean treasury bond yield rose by 1.7
basis points to 1.391%, while the benchmark 10-year yield rose
by 3.8 basis points to 1.624%.

($1 = 1,176.4300 won)    

 (Reporting by Hayoung Choi; Editing by Rashmi Aich)
  
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