August 30, 2019 / 1:43 AM / 17 days ago

S.Korea stocks rally on trade talk optimism

    * KOSPI index adds nearly 1.5%, foreigners net buyers
    * Korean won strengthens versus U.S. dollar
    * South Korea benchmark bond yield rises

    SEOUL, Aug 30 (Reuters) - Round-up of South Korean financial
markets:
        
** South Korean shares rebounded on Friday as Washington and
Beijing sent positive signs over their trade talks, while the
Bank of Korea's decision to keep the rates unchanged had limited
impact. The Korean won and the benchmark bond yield rose.
 
** The United States and China indicated that they would resume
trade talks as the two economic superpowers discussed the next
round of in-person negotiations in September ahead of a looming
deadline for additional U.S. tariffs.             
    
** South Korea's central bank kept its policy interest rate
             unchanged on Friday, but it is widely expected to
ease at the next meeting to support the faltering economy.
            
    
** As of 0135 GMT, the Seoul stock market's main KOSPI        
rose 28.78 points, or 1.49%, to 1,962.19. 
    
** Foreigners were net buyers of 48.6 billion won ($40.08
million) worth of shares on the main board. 
     
** The won was quoted at 1,209.5 per dollar on the onshore
settlement platform           , 0.57% higher than its previous
close at 1,216.4.
     
** In offshore trading, the won        was quoted at 1,208.3 per
U.S. dollar, down 0.0% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,207.9 per dollar.
     
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.62%, after U.S. stocks jumped
           . Japanese stocks         rose 1.10%.
     
** The KOSPI has fallen 3.89% so far this year, and lost 6.7% 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 113.13 million shares. Of the total 885 traded
issues, 721 shares advanced.
     
** The won has lost 7.8% against the U.S dollar so far this
year.
     
** In money and debt markets, September futures on three-year
treasury bonds         fell 0.07 points to 111.14, while the
3-month Certificate of Deposit rate was quoted at 1.49%.
     
** The most liquid 3-year Korean treasury bond yield rose by 0.2
basis points to 1.169%, while the benchmark 10-year yield rose
by 1.4 basis points to 1.262%.    

($1 = 1,212.6600 won)    

 (Reporting by Hayoung Choi; Editing by Rashmi Aich)
  
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