October 17, 2019 / 2:11 AM / 2 months ago

S.Korea stocks tread water; all eyes on Brexit talks

    * KOSPI flat, foreigners net sellers
    * Korean won strengthens versus U.S. dollar
    * South Korea benchmark bond yield gains

    SEOUL, Oct 17 (Reuters) - Round-up of South Korean financial
markets:
    
** South Korean shares were nearly flat on Thursday, as
investors remained cautious amid the last leg of negotiations on
Britain's exit from the European Union. Both the Korean won and
the benchmark bond yield rose.
    
** Britain and the European Union were on the verge of a
last-minute Brexit deal on Wednesday but Prime Minister Boris
Johnson still has work to do at home to ensure his government
and factious parliament approve the plan.             
    
** There is a good chance that Britain and the European Union
can strike a Brexit deal but it has not been done yet, British
culture minister Nicky Morgan said on Wednesday.             
    
** Investor caution grew amid Brexit talks, while worries
persisted around U.S.-China tension over Hong Kong, said Kim
Ye-eun, an analyst from IBK Securities. 
     
** As of 0205 GMT, the Seoul stock market's main KOSPI        
fell 0.88 points, or 0.04%, to 2,081.95.
        
** Foreigners were net sellers of 47.2 billion won ($39.78
million) worth of shares on the main board. 
    
** The won was quoted at 1,186.5 per dollar on the onshore
settlement platform           , 0.11% higher than its previous
close at 1,187.8.
    
** In offshore trading, the won        was quoted at 1,186.4 per
U.S. dollar, down 0.1% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,185.2 per dollar.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.15%, after U.S. stocks sagged
           . Japanese stocks         rose 0.11%.
    
** The KOSPI has risen 1.88% so far this year, and gained 7.7%
in the previous 30 trading sessions.
    
** The trading volume during the session in the KOSPI index
        was 142.03 million shares and, of the total traded
issues of 883, the number of advancing shares was 314.
    
** The won has lost 6.0% against the dollar so far this year.
    
** In money and debt markets, December futures on three-year
treasury bonds         fell 0.07 points to 110.59, while the
3-month Certificate of Deposit rate was quoted at 1.36%.
    
** The most liquid 3-year Korean treasury bond yield rose by 1.8
basis points to 1.337%, while the benchmark 10-year yield rose
by 0.6 basis points to 1.536%.

($1 = 1,186.5800 won)    

 (Reporting by Hayoung Choi; Editing by Rashmi Aich)
  
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