September 11, 2019 / 3:03 AM / 9 days ago

S.Korea stocks gain on conciliatory trade tone

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

    SEOUL, Sept 11 (Reuters) - Round-up of South Korean
financial markets:
South Korean shares gained on Wednesday, as investor appetite
for riskier assets improved amid expectations of headway in the
Sino-U.S. trade dispute. The Korean won and the benchmark bond
yield strengthened.
     
** As of 0250 GMT, the Seoul stock market's main KOSPI        
was up 14.26 points, or 0.70%, at 2,046.57, heading for a sixth
consecutive session of gains.
    
** As the United States and China step into negotiations, better
risk appetite has lifted the markets, said Noh Dong-kil, an
analyst at NH Investment & Securities. 
    
** China is expected to buy more agricultural products in hope
for a better trade deal with the United States, South China
Morning Post reported on Tuesday, citing a source.             
    
** Shares of Jin Air            , a budget affiliate of Korean
Air Lines            , surged after the company requested
sanctions to be lifted, raising hopes that restrictions on the
company would be removed.             
    
** Foreigners were net sellers of 39.9 billion won ($33.46
million) worth of shares on the main board. 
 
** The won was quoted at 1,192.5 per dollar on the onshore
settlement platform           , 0.07% higher than its previous
close at 1,193.3.
 
** In offshore trading, the won        was quoted at 1,191.7 per
U.S. dollar, unchanged from the previous session, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,190.7 per dollar.
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.08%, after U.S. stocks ended steady
           . Japanese stocks         rose 0.59%.
 
** The KOSPI rose 0.07% so far this year, but gained 0.1% in the
previous 30 trading sessions.
 
** The trading volume during the session in the KOSPI index
        was 187.94 million shares and, of the total traded
issues of 891, the number of advancing shares was 580.
 
** 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         fell 0.04 points to 110.85.
 
** The most liquid 3-year Korean treasury bond yield rose by 0.9
basis points to 1.256%, while the benchmark 10-year yield rose
by 1.3 basis points to 1.389%.

($1 = 1,192.5000 won)    

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