September 6, 2019 / 2:25 AM / 14 days ago

S.Korea stocks gain on easing trade fears

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

    SEOUL, Sept 6 (Reuters) - Round-up of South Korean financial
markets:
    
** South Korean shares rose on Friday as the United States and
China agreed to resume trade talks but concerns over the likely
outcome capped gains. The Korean won and the benchmark bond
yield rose.
    
** Global equity markets cheered the news that the world's two
largest economies will hold high-level talks early in October to
end the long, bitter trade conflict that has roiled financial
markets and sparked recession fears.             
    
** Korean stocks responded to the favourable news, but it's
difficult to ensure a sustained rise without a fundamental
solution to the trade issue, said Cho Byung-hyun, an analyst at
Yuanta Securities Korea. 
     
** As of 0216 GMT, the Seoul stock market's main KOSPI        
rose 7.67 points, or 0.38%, to 2,012.42, after rising as much as
0.6% in early trade. 
    
** Foreigners were net buyers of 43.6 billion won ($36.43
million) worth of shares on the main board. 
     
** The won was quoted at 1,196.3 per dollar on the onshore
settlement platform           , 0.33% higher than its previous
close at 1,200.2.
     
** In offshore trading, the won        was quoted at 1,197.1 per
U.S. dollar, unchanged from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,195.9 per dollar.
     
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.27%, after U.S. stocks surged
           . Japanese stocks         rose 0.57%.
     
** The KOSPI has fallen 1.68% so far this year, and lost 3.7% 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 179.27 million shares and, of the total traded
issues of 888, the number of advancing shares was 306.
     
** The won has lost 6.7% 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 110.83, while the
3-month Certificate of Deposit rate was quoted at 1.53%.
     
** The most liquid 3-year Korean treasury bond yield rose by 1.1
basis points to 1.275%, while the benchmark 10-year yield rose
by 1.9 basis points to 1.391%.    

($1 = 1,196.7800 won)   

 (Reporting by Hayoung Choi; Editing by Sriraj Kalluvila)
  
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