March 20, 2020 / 3:43 AM / 13 days ago

S.Korea stocks jump after rout; won bounces on currency swap deal with Fed

    * KOSPI jumps nearly 5%, foreigners sell
    * KRW set to mark biggest daily gain since June 2010 vs USD
    * S.Korea benchmark bond yield falls

    SEOUL, March 20 (Reuters) - Round-up of South Korean
financial markets:
    ** South Korean shares jumped almost 5% on Friday, set to
post their best session in more than eight years, boosted by
massive fiscal and monetary stimulus measures across the world
to blunt the economic hit from the coronavirus pandemic.
    ** The won rose at the sharpest pace in nearly a decade
during the session after the U.S. Federal Reserve announced
currency swap deals with nine additional countries, including
South Korea, to ensure the world's dollar-dependent financial
system continues to function.             
    ** By 0240 GMT, the benchmark KOSPI         rose 69.59
points, or 4.77%, to 1,527.23, on track to snap a six-day losing
streak and post their biggest percentage gain since Sept. 27,
    ** Still, the KOSPI is set to post its biggest weekly loss
of 14.7% since October 2008, on heightened fears of the
coronavirus spread and its impact on the global economy.
    ** The country on Friday reported 87 new infections,
bringing the national tally to 8,652.             
    ** Trading of equities on the benchmark index were halted
for five minutes on Friday after KOSPI 200 futures        jumped
more than 5%, the Korea Exchange said.
    ** The Bank of Korea said it would immediately inject
dollars into local financial markets using the $60 billion deal
to help ease a growing dollar shortage in onshore markets.
    ** The won was quoted at 1,257.9 per dollar on the onshore
settlement platform           , 2.21% higher than its previous
close at 1,285.7, set to mark its biggest daily percentage jump
since June 2010.
    ** Foreigners were net sellers of 79.6 billion won ($63.62
million) worth of shares on the main board.
    ** In offshore trading, the won        was quoted at 1,252.7
per U.S. dollar, up 0.4% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,249.9 per dollar. The currency is
down 2.7% so far this week.
    ** In money and debt markets, June futures on three-year
treasury bonds         rose 0.24 points to 110.79.
    ** The most liquid 3-year Korean treasury bond yield fell by
2.6 bps to 1.169%, while the benchmark 10-year yield fell by 1.9
bps to 1.636%.
    ($1 = 1,251.0900 won)

 (Reporting by Joori Roh; Editing by Amy Caren Daniel)
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