October 1, 2019 / 2:54 AM / 17 days ago

S.Korea stocks gain as trade tensions ease, exports contraction slows

    * KOSPI picks up, foreigners net sellers
    * Korean won weakens versus U.S. dollar
    * South Korea benchmark bond yield rises

    SEOUL, Oct 1 (Reuters) - Round-up of South Korean financial
markets:
    
** South Korean shares firmed on Tuesday as Sino-U.S. trade
tensions eased following remarks by a senior White House
official and as the pace of contraction in exports slowed. The
Korean won weakened, while the benchmark bond yield rose.
    
** The benchmark KOSPI         rose 8.33 points, or 0.40%, to
2,071.38, as of 0245 GMT. 
    
** White House trade adviser Peter Navarro dismissed reports
that the Trump administration was considering delisting Chinese
companies from U.S. stock exchanges as "fake news," giving
short-term players an excuse to buy back risk assets.
            
    
** South Korea recorded an annual fall in consumer prices for
the first time in September while exports shrank for a 10th
consecutive month, data showed on Tuesday, reinforcing
expectations of further policy easing from the central bank.
            
    
** South Korea's exports remained sluggish, but the pace of
decline slowed, said Park Sang-hyun, an analyst at HI Investment
& Securities. 
    
** Exports in September plunged 11.7% from a year earlier,
slightly better than a 13.8% fall in August. 
    
** Foreigners were net sellers of 39.0 billion won ($32.57
million) worth of shares on the main board. 
    
** The won was quoted at 1,198.5 per dollar on the onshore
settlement platform           , 0.19% lower than its previous
close at 1,196.2.
    
** In offshore trading, the won        was quoted at 1,198.4 per
U.S. dollar, down 0.0% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,197.2 per dollar.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.21%, after U.S. stocks rose
           . Japanese stocks         rose 0.69%.
    
** The KOSPI has risen 1.50% so far this year, and gained 6.4%
in the previous 30 trading sessions.
    
** The trading volume during the session in the KOSPI index
        was 204.33 million shares and, of the total traded
issues of 886, the number of advancing shares was 439.
    
** The won has lost 6.9% against the dollar so far this year.
    
** In money and debt markets, December futures on three-year
treasury bonds         rose 0.01 points to 110.84.
 
** The most liquid 3-year Korean treasury bond yield rose by 0.1
basis points to 1.298%, while the benchmark 10-year yield rose
by 0.5 basis points to 1.461%.

($1 = 1,197.3000 won)    

 (Reporting by Hayoung Choi; Editing by Aditya Soni)
  
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