September 5, 2019 / 2:38 AM / 15 days ago

S.Korea stocks rally on trade hopes, easing tensions in Hong Kong, Britain

    * KOSPI index jumps 1%, foreigners net buyers
    * Korean won strengthens versus U.S. dollar
    * South Korea benchmark bond yield rises

    SEOUL, Sept 5 (Reuters) - Round-up of South Korean financial
markets:
    
** South Korean shares climbed on Thursday as Washington and
Beijing agreed to meet in October for trade talks and political
tensions eased in Hong Kong and Britain, helping the KOSPI break
above the 2,000-point mark for the first time since Aug. 2. The
Korean won and the benchmark bond yield rose.
    
** External risks have relieved, providing a major momentum for
South Korean markets, said Kim Ji-hyung, an analyst at Hanyang
Securities. However, domestic economic indexes need to stabilise
for a sustained recovery, he added. 
    
** China and the United States agreed to hold trade talks in
early October in Washington, China's commerce ministry said on
Thursday.             
    
** The news added to the risk-on sentiment after Hong Kong
leader Carrie Lam withdrew an extradition bill that had
triggered months of often violent protests in the Asian
financial hub.             
    
** Meanwhile, the British parliament voted on Wednesday to
prevent Prime Minister Boris Johnson taking Britain out of the
European Union without a deal on Oct. 31.             
         
** As of 0218 GMT, the Seoul stock market's main KOSPI        
rose 22.98 points or 1.16% to 2,011.51 points. 
    
** Foreigners were net buyers of 136.9 billion won ($112.89
million) worth of shares on the main board. 
     
** The won was quoted at 1,200.1 per dollar on the onshore
settlement platform           , 0.67% higher than its previous
close at 1,208.2.
     
** In offshore trading, the won        was quoted at 1,197.1 per
U.S. dollar, up 0.5% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,195.4 per dollar.
     
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 1.02%, after U.S. stocks jumped
           . Japanese stocks         rose 2.18%.
     
** The KOSPI is down 1.55% for the year, and has lost 5.4% 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 224.05 million shares and, of the total traded
issues of 890, the number of advancing shares was 496.
     
** The won has lost 7% against the U.S dollar so far this year.
    
** In money and debt markets, September futures on three-year
treasury bonds         fell 0.10 points to 110.85, while the
3-month Certificate of Deposit rate was quoted at 1.50%.
     
** The most liquid 3-year Korean treasury bond yield gained 1.3
basis points to 1.264%, while the benchmark 10-year yield rose
by 2.8 basis points to 1.380%.    

($1 = 1,212.6600 won)    

 (Reporting by Hayoung Choi; Editing by Sriraj Kalluvila)
  
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