October 28, 2019 / 3:22 AM / 23 days ago

S.Korea stocks, won rise on trade hopes

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

    SEOUL, Oct 28 (Reuters) - Round-up of South Korean financial
markets:

** South Korean shares and the won climbed on Monday on signs of
progress towards a U.S.-China trade deal and ahead of a Federal
Reserve rate decision later in the week. The benchmark bond
yield also jumped. 
    
** U.S. and Chinese officials were "close to finalizing" some
parts of a trade agreement after high-level telephone
discussions on Friday, the U.S. Trade Representative's office
and China's Commerce Ministry said, with talks to continue.
            
    
** The news about U.S.-China trade agreement was the most
important factor today, said Noh Dong-kil, an analyst at NH
Investment & Securities. 
    
** Investors also awaited a U.S. Federal Reserve monetary policy
decision, with markets expecting the central bank to lower
interest rates at its Wednesday meeting.
     
** As of 0318 GMT, the Seoul stock market's main KOSPI        
rose 7.78 points, or 0.37%, to 2,095.67. 
        
** Foreigners were net sellers of 38.0 billion won ($32.43
million) worth of shares on the main board. 
    
** The won was quoted at 1,168.9 per dollar on the onshore
settlement platform           , 0.35% higher than its previous
close at 1,173.0.
    
** In offshore trading, the won        was quoted at 1,168.8 per
U.S. dollar, up 0.2% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,167.7 per dollar.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.44%, after U.S. stocks closed up on
Friday            . Japanese stocks         rose 0.27%.
    
** The KOSPI has risen 2.72% so far this year, and gained 3.4%
in the previous 30 trading sessions.
    
** The trading volume during the session in the KOSPI index
        was 159.10 million shares and, of the total traded
issues of 896, the number of advancing shares was 477.
    
** The won has lost 4.6% against the dollar so far this year.
    
** In money and debt markets, December futures on three-year
treasury bonds         fell 0.21 points to 110.02, while the
3-month Certificate of Deposit rate was quoted at 1.37%.
    
** The most liquid 3-year Korean treasury bond yield rose by 7.4
basis points to 1.507%, while the benchmark 10-year yield rose
by 7.5 basis points to 1.746%.

($1 = 1,171.6600 won)    

 (Reporting by Hayoung Choi; Editing by Aditya Soni)
  
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