September 10, 2019 / 2:37 AM / a month ago

S.Korea stocks gain as stimulus, trade hopes lift risk appetite

    * KOSPI sets to gain for fifth session, foreigners net
    * Korean won gains modestly vs U.S. dollar
    * South Korea benchmark bond yield rises

    SEOUL, Sept 10 (Reuters) - Round-up of South Korean
financial markets:
South Korean shares eked out modest gains on Tuesday, amid a
cautious market mood as investors awaited clues on global
stimulus and on hopes of a breakthrough in the Sino-U.S. trade
dispute. The Korean won and the benchmark bond yield rose.
** As of 0229 GMT, the Seoul stock market's main KOSPI        
was up 2.94 points, or 0.15%, at 2,022.49, poised for a fifth
consecutive session of gains. 
** U.S. Treasury Secretary Steven Mnuchin on Monday said he did
not see the threat of a recession as the Trump administration
seeks to revive trade negotiations with China, adding that he
expected a positive year ahead for the U.S. economy.
** The European Central Bank is all but certain to approve new
stimulus measures on Sept. 12 to boost an ailing economy, but
the composition of its package is far from clear as a rift has
opened between hawkish northern European policymakers and doves
from the south.             
** Investors have been in a wait-and-see mode ahead of ECB
meeting, said Na Jeong-hwan, an analyst at DS Investment &
Securities. As monetary easing and stimulus by central banks
continues, foreigners are expected to remain as net buyers, he
** Foreigners were net buyers of 38.7 billion won ($32.49
million) worth of shares on the main board on Tuesday. 
** Last week, China's central bank said it was cutting the
amount of cash that banks must hold as reserves for the third
time this year, releasing 900 billion yuan ($126.35 billion) in
liquidity to shore up the flagging economy.             
** Shares of South Korean construction firms with exposure to
North Korea surged as Pyongyang said it was willing to restart
talks with Washington.             
** The won was quoted at 1,191.4 per dollar on the onshore
settlement platform           , 0.13% higher than its previous
close at 1,193.0.
** In offshore trading, the won        was quoted at 1,191.6 per
U.S. dollar, unchanged from the previous session, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,190.6 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.21%, after U.S. stocks were mixed.
Japanese stocks         rose 0.29%.            
** The KOSPI dropped 0.71% so far this year, and lost 2.3% in
the previous 30 trading sessions.
** The current price-to-earnings ratio is 12.10, the dividend
yield is 1.28% and the market capitalisation is 1,242.04
trillion won.
** The trading volume during the session in the KOSPI index
        was 234.12 million shares and, of the total traded
issues of 889, the number of advancing shares was 488.
** The won lost 6.4% against the U.S dollar so far this year.
** In money and debt markets, September futures on three-year
treasury bonds         dipped 0.06 points to 110.84, while the
3-month Certificate of Deposit rate was quoted at 1.54%.
** The most liquid 3-year Korean treasury bond yield climbed by
1.9 basis points to 1.253%, while the benchmark 10-year yield
rose by 4.0 basis points to 1.392%.    

    ($1 = 1,191.1000 won)    

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