November 22, 2019 / 2:06 AM / 17 days ago

S.Korea stocks recover as China remarks rekindle trade deal hopes

    * KOSPI edges up, foreigners net sellers
    * Korean won strengthens versus U.S. dollar
    * South Korea benchmark bond yield rises

    SEOUL, Nov 22 (Reuters) - Round-up of South Korean financial
** South Korean shares inched higher on Friday after four
straight sessions of falls, as remarks from China allayed fears
over an interim trade deal with the United States. The won and
the benchmark bond yield rose.
** China will strive to reach the agreement with Washington as
both sides keep communication channels open, the Chinese
commerce ministry said on Thursday, in an attempt to allay fears
talks might be unravelling.             
** China has invited top U.S. trade negotiators for a new round
of face-to-face talks in Beijing amid continued efforts to
strike at least a limited deal, the Wall Street Journal reported
on Thursday, citing unnamed sources.             
** It seems like a cautious rise as anxiety remains, said Lee
Young-gon, an analyst at Hana Financial Investment. 
** As of 0158 GMT, the Seoul stock market's main KOSPI        
rose 6.76 points, or 0.32%, to 2,103.36. For the week, it was
down nearly 3%, which would be the sharpest since early August. 
** Foreigners were net sellers of 52.5 billion won ($44.57
million) worth of shares on the main board, and were set to
extend their selloff for the 12th straight session. 
** The won was quoted at 1,177.4 per dollar on the onshore
settlement platform           , 0.06% higher than its previous
close at 1,178.1.
** In offshore trading, the won        was quoted at 1,178.0 per
U.S. dollar, down 0.1% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,176.3 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.33%, after U.S. stocks slipped modestly
overnight            . Japanese stocks         rose 0.64%.
** The KOSPI has risen 3.1% this year, and gained 3.4% in the
previous 30 trading sessions.
** The trading volume during the session in the KOSPI index
        was 160.89 million shares and, of the total traded
issues of 892, the number of advancing shares was 524.
** The won has lost 5.2% against the dollar this year.
** In money and debt markets, December futures on three-year
treasury bonds         fell 0.10 point to 110.13, while the
3-month Certificate of Deposit rate was quoted at 1.53%.
** The most liquid 3-year Korean treasury bond yield rose by 3.7
basis points to 1.496%, while the benchmark 10-year yield rose
by 3.6 basis points to 1.703%.    

($1 = 1,178.0000 won)

 (Reporting by Hayoung Choi; Editing by Subhranshu Sahu)
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