October 18, 2019 / 2:43 AM / a month ago

S.Korea stocks gain as markets cheer China data, Brexit relief; won rallies

    * KOSPI climbs, foreigners net buyers
    * Korean won hits almost 3-month high against dollar
    * South Korea benchmark bond yield rises

    SEOUL, Oct 18 (Reuters) - Round-up of South Korean financial
markets:
South Korean shares rose on Friday as investors in the
export-reliant economy cheered better-than-expected industrial
output data from China, while reports of a potential Brexit deal
underpinned sentiment. The Korean won and benchmark bond gained.
    
** China's industrial output grew 5.8% year-on-year in
September, recovering after slowing sharply the previous month,
data from the National Bureau of Statistic showed on Friday,
though the economy remained under broad pressure from cooling
demand at home and abroad.             
        
** European Union leaders unanimously backed a new Brexit deal
with Britain on Thursday, leaving Prime Minister Boris Johnson
facing a battle to secure the UK parliament's backing for the
agreement if he is to take Britain out of Europe on Oct. 31.
            
           
** Rather than GDP, investors put more importance on China's
industrial output data, as a positive signal for South Korea's
exports to China, said Seo Sang-young, an analyst from Kiwoom
Securities.    
    
** The won strengthened and tempered investors' worries over the
currency that has been sluggish for months, said Han Ji-young,
an analyst at Cape Investment & Securities. 
    
** As of 0235 GMT, the Seoul stock market's main KOSPI        
was up 8.80 points, or 0.42%, at 2,086.74. For the week, the
benchmark index was set to gain about 2%.
        
** Foreigners were net buyers of 55.2 billion won ($46.79
million) worth of shares on the main board. 
    
** The won was quoted at 1,180.0 per dollar on the onshore
settlement platform           , 0.59% higher than its previous
close at 1,187.0. The currency hit its highest since July 25 in
early trade. 
    
** In offshore trading, the won        was quoted at 1,179.9 per
U.S. dollar, down 0.1% from the previous session, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,178.7 per dollar.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.04%, after U.S. stocks climbed.
Japanese stocks         rose 0.44%.            
    
** The KOSPI gained 2.13% so far this year, and climbed 5.6% in
the previous 30 trading sessions.
     
** The trading volume during the session in the KOSPI index
        was 145.25 million shares and, of the total traded
issues of 892, the number of advancing shares was 466.
    
** The won lost 5.4% against the dollar so far this year.
    
** In money and debt markets, December futures on three-year
treasury bonds         dipped 0.03 points to 110.44, while the
3-month Certificate of Deposit rate was quoted at 1.36%.
    
** The most liquid 3-year Korean treasury bond yield rose by 2.4
basis points to 1.396%, while the benchmark 10-year yield rose
by 1.3 basis points to 1.589%.

    ($1 = 1,179.8000 won)    

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