September 18, 2019 / 2:20 AM / a month ago

S.Korea stocks rise slightly ahead of Fed decision

    * KOSPI inches higher, foreigners net sellers
    * Korean won steadies versus U.S. dollar
    * South Korea benchmark bond yield falls

    SEOUL, Sept 18 (Reuters) - Round-up of South Korean
financial markets:
    
** South Korean shares edged higher on Wednesday as investors
waited for clues on how far the U.S. monetary policy easing
would go. The won was nearly steady, while the benchmark bond
yield fell.
    
** While a 25 basis point rate cut is seen as near-certain,
investors look to the statement and economic projections from
U.S. Federal Reserve policy makers, given signs of deep
disagreements among them.               
    
** The U.S.-China trade war will worsen or at best stay the same
over the coming year, according to economists in a Reuters poll
who expect the Fed to cut interest rates this week for the
second meeting in a row.             
    
** As of 0213 GMT, the Seoul stock market's main KOSPI        
rose 7.00 points, or 0.34%, to 2,069.33. 
        
** Foreigners were net sellers of 2.3 billion won ($1.93
million) worth of shares on the main board. 
    
** The won was quoted at 1,190.0 per dollar on the onshore
settlement platform           , 0.06% higher than its previous
close at 1,190.7.
    
** In offshore trading, the won        was quoted at 1,189.8 per
U.S. dollar, down 0.3% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,187.8 per dollar.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.19%, after U.S. stocks closed higher on
Tuesday. Japanese stocks         rose 0.06%.                  
    
** The KOSPI has risen 1.14% so far this year, and gained 2.2%
in the previous 30 trading sessions.
    
** The trading volume during the session in the KOSPI index
        was 262.08 million shares and, of the total traded
issues of 890, the number of advancing shares was 359.
    
** The won has lost 6.2% against the U.S dollar so far this
year.
    
** In money and debt markets, December futures on three-year
treasury bonds         fell 0.02 points to 110.67, while the
3-month Certificate of Deposit rate was quoted at 1.54%.
    
** The most liquid 3-year Korean treasury bond yield rose by 0.1
basis point to 1.316%, while the benchmark 10-year yield fell by
1.6 basis points to 1.485%.

($1 = 1,189.8000 won)

 (Reporting by Hayoung Choi; Editing by Subhranshu Sahu)
  
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