November 1, 2019 / 2:30 AM / 18 days ago

S.Korea stocks rise on exports improvement hopes

    * KOSPI edges up, foreigners net buyers
    * Korean won weakens versus U.S. dollar
    * South Korea benchmark bond yield falls

    SEOUL, Nov 1 (Reuters) - Round-up of South Korean financial
** South Korean shares firmed on Friday on expectations that the
pace of decline in the country's exports would slow and as
investors clung on to hopes of a phase-one Sino-U.S. trade deal.
The Korean won and the benchmark bond yield dropped.
** As of 0218 GMT, the Seoul stock market's main KOSPI        
rose 7.34 points, or 0.35%, to 2,090.82. For the week, the KOSPI
was set to gain 0.14%.
** South Korea's exports in October plunged for an 11th straight
month and by the most since January 2016, as shipments to China
kept slowing and computer chip prices plunged, data showed on
** However, the industry minister said the exports slump likely
hit bottom in October, adding that the pace of decline will
narrow from November. Meanwhile, a senior ministry official said
exports growth is highly likely to turn positive in the first
quarter of 2020.             
** There are expectations that the exports could improve next
year, said Kim Yong-koo, an analyst at Hana Financial
Investment. Expectations for a partial U.S.-China trade deal
linger as they are likely to meet at a new site, he added. 
** U.S. President Donald Trump said on Thursday the United
States and China would soon announce a new site where he and
Chinese President Xi Jinping will sign a "Phase One" trade deal
after Chile cancelled a planned summit set for mid-November.
** Foreigners were net buyers of 13.9 billion won ($11.89
million) worth of shares on the main board. 
** The won was quoted at 1,168.4 per dollar on the onshore
settlement platform           , 0.43% lower than its previous
close at 1,163.4.
** In offshore trading, the won        was quoted at 1,167.6 per
U.S. dollar, up 0.1% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,166.7 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.13%, after U.S. stocks slipped
           . Japanese stocks         fell 0.52%.
** The KOSPI has risen 2.41% so far this year, and gained 1.0%
in the previous 30 trading sessions.
** The trading volume during the session in the KOSPI index
        was 154.89 million shares and, of the total traded
issues of 899, the number of advancing shares was 359.
** The won has lost 4.5% against the dollar so far this year.
** In money and debt markets, December futures on three-year
treasury bonds         rose 0.09 points to 110.22, while the
3-month Certificate of Deposit rate was quoted at 1.44%.
** The most liquid 3-year Korean treasury bond yield fell by 2.3
basis points to 1.444%, while the benchmark 10-year yield fell
by 4.0 basis points to 1.688%.    

($1 = 1,168.6000 won)    

 (Reporting by Hayoung Choi; Editing by Aditya Soni)
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