January 23, 2020 / 2:24 AM / a month ago

S.Korea stocks, won fall as coronavirus pandemic fears rise

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

    SEOUL, Jan 23 (Reuters) - Round-up of South Korean financial
markets:

** South Korean stocks dropped on Thursday on fears that the new
coronavirus could spread worldwide and hurt the global economy
after the death toll due to the outbreak rose to 17. The Korean
won and the benchmark bond yield fell. 
    
** China is putting on lockdown a city of 11 million people
considered the epicentre of the new coronavirus outbreak that
has killed 17 and infected nearly 600 people, as health
authorities around the world work to prevent a global pandemic.
            
    
** The KOSPI         fell 11.70 points, or 0.52%, to 2,255.55 by
0216 GMT.
    
** Worries related to the infectious disease put a brake on
investor sentiment, said Lee Kyoung-min, an analyst at Daishin
Securities. Fears that the virus could spread across Asia, ahead
of Lunar New Year holidays, pushed investors to sell stocks, Lee
added.  
        
** Foreigners were net sellers of 64.4 billion won ($55.17
million) worth of shares on the main board. 
    
** The won was quoted at 1,165.8 per dollar on the onshore
settlement platform           , 0.10% lower than its previous
close at 1,164.6.
    
** In offshore trading, the won        was quoted at 1,165.9 per
U.S. dollar, down 0.1% from the previous day, while in
non-deliverable forward trading, its one-month contract
              was quoted at 1,164.0 per dollar.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.38%, while U.S. stocks closed up
overnight            . Japanese stocks         fell 0.66%.
    
** The KOSPI has risen 2.75% so far this year, and gained 8.9%
in the previous 30 trading sessions.
     
** The trading volume was 223.47 million shares and, of the
total traded issues of 905, the number of advancing shares was
226.
    
** The won has lost 0.8% against the dollar so far this year.
    
** In money and debt markets, March futures on three-year
treasury bonds         rose 0.09 point to 110.33, while the
3-month Certificate of Deposit rate was quoted at 1.46%. 
    
** The most liquid 3-year Korean treasury bond yield fell by 2.0
basis points to 1.420%, while the benchmark 10-year yield fell
by 1.7 basis points to 1.706%.    

($1 = 1,167.2000 won)

 (Reporting by Hayoung Choi; editing by Uttaresh.V)
  
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