September 23, 2019 / 2:05 AM / a month ago

S.Korea stocks seesaw on weak export data, trade uncertainty

    * KOSPI rises, foreigners net sellers
    * Korean won weakens versus U.S. dollar
    * South Korea benchmark bond yield falls

    Seoul, Sept 23 (Retuers) - Round-up of South Korean
financial markets:
South Korean shares flitted between positive and negative
territory on Monday as investors sought clarity on the two-day
Sino-U.S. trade negotiation, while local data signalled a weak
economy for the world's sixth-largest exporting nation. The
Korean won and the benchmark bond yield fell.  

    ** As of 0126 GMT, the Seoul stock market's main KOSPI
        was up 0.65 points, or 0.03%, at 2,092.17. 
    
    ** According to Customs Agency, South Korea's Sept. 1-20
average exports per working day dropped 10.3% year-on-year. The
country imports more oil relative to the size of its economy
than any other Group of 20 nation, according to the World Bank,
to power its massive manufacturing sector, a major driver of
jobs and trade.             

    ** Already beset by cratering company earnings, as the
global economy slows, an escalating trade dispute with Japan and
crumbling consumer spending at home, Korea's currency and stock
market are among the world's worst performing.             
    
    ** Elsewhere, U.S. and Chinese deputy negotiators held
"productive" talks in Washington this week aimed at improving
their trade relationship, the U.S. Trade Representative's office
said on Friday without offering further details.             

    ** However, Chinese agriculture officials who were due to
visit U.S. farm states next week have cancelled their trip to
Montana as the officials will return to China sooner than
originally scheduled, the Montana Farm Bureau told Reuters on
Friday.             
 
    ** Foreigners were net sellers of 18.6 billion won ($15.61
million) worth of shares on the main board. 
 
    ** The won was quoted at 1,192.0 per dollar on the onshore
settlement platform           , 0.34% lower than its previous
close at 1,188.0.
 
    ** In offshore trading, the won        was quoted at 1,191.7
per U.S. dollar, up 0.1% from the previous session, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,190.2 per dollar.
 
    ** MSCI's broadest index of Asia-Pacific shares outside
Japan                 was down 0.04%, after U.S. stocks
dropped.           
 
    ** The KOSPI up 2.48% so far this year, and gained 9.1% in
the previous 30 trading sessions.
    ** The trading volume during the session in the KOSPI index
        was 145.84 million shares and, of the total traded
issues of 890, the number of advancing shares was 356.
    ** The won lost 6.4% against the U.S dollar so far this
year.
    
    ** In money and debt markets, December futures on three-year
treasury bonds         rose 0.02 points to 110.73, while the
3-month Certificate of Deposit rate was quoted at 1.55%.
    ** The most liquid 3-year Korean treasury bond yield fell by
1.2 basis points to 1.321%, while the benchmark 10-year yield
fell by 0.6 basis points to 1.449%.


    ($1 = 1,191.6800 won)    

 (Reporting by Yuna Park, Editing by Sherry Jacob-Phillips)
  
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