October 10, 2019 / 1:59 AM / 8 days ago

S.Korea stocks hit 1-month low as trade-deal hopes ebb

    * KOSPI declines foreigners net sellers
    * Korean won drops versus U.S. dollar
    * South Korea benchmark bond yield falls

    SEOUL, Oct 10 (Reuters) - Round-up of South Korean financial
South Korean shares stumbled on Thursday to hit their lowest in
more than a month after a media report implied that the United
States and China were not making any progress in deputy-level
talks. The Korean won and the benchmark bond yield dropped.
** The United States and China made no progress in deputy-level
trade talks held on Monday and Tuesday in Washington, the South
China Morning Post said, citing unnamed sources with knowledge
of the meetings.             
** South Korean stocks fell sharper than other Asian countries
because of its high dependency on exports, making it vulnerable
to news about trade talks, said Noh Dong-kil, an analyst at NH
Investment & Securities. 
** Markets trimmed some of their early losses after a CNBC
reporter said the White House has denied the report about the
Chinese negotiators early departure from Washington.
** As of 0148 GMT, the Seoul stock market's main KOSPI        
was down 15.22 points, or 0.74%, at 2,031.03. The index lost as
much as 1.7% in early trade to mark its worst session since Sept
** Foreigners were net sellers of 64.5 billion won ($53.95
million) worth of shares on the main board. 
** The won was quoted at 1,195.4 per dollar on the onshore
settlement platform           , 0.19% lower than its previous
close at 1,193.1.
** In offshore trading, the won        was quoted at 1,193.2 per
U.S. dollar, up 0.4% from the previous session, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,192.2 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.16%, after U.S. stocks closed up
overnight. Japanese stocks         rose 0.19%.            
** The KOSPI dropped 0.80% so far this year, but gained 4.9% in
the previous 30 trading sessions.
** The trading volume during the session in the KOSPI index
        was 169.75 million shares and, of the total traded
issues of 881, the number of advancing shares was 226.
** The won lost 7% against the dollar so far this year.
** In money and debt markets, December futures on three-year
treasury bonds         rose 0.04 points to 110.99, while the
3-month Certificate of Deposit rate was quoted at 1.55%.
** The most liquid 3-year Korean treasury bond yield fell by 2.9
basis points to 1.238%, while the benchmark 10-year yield
dropped by 2.6 basis points to 1.407%.    

($1 = 1,195.5000 won)    

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