May 18, 2020 / 2:59 AM / 8 days ago

S.Korean shares edge up as more nations ease virus restrictions

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

    SEOUL, May 18 (Reuters) - Round-up of South Korean financial
markets:
    
** South Korean shares rose on Monday as several economies
gradually re-opened, but gains were capped on concerns around
tensions between the United States and China. The Korean won
held steady and the benchmark bond yield rose. 
    
** The KOSPI         rose 5.15 points, or 0.27%, to 1,932.43 as
of 0200 GMT.
    
** Stock market opened higher as economies re-opened, but
Sino-U.S. tensions held gains in check, Samsung Securities'
analyst Seo Jung-hun said, adding that investors will track how
the U.S.-China conflict over Huawei plays out this week.
    
** Summer weather is enticing much of the world to emerge from
coronavirus lockdowns as centres of the outbreak from New York
to Italy and Spain gradually lift restrictions that have kept
millions indoors for months.              
    
** China's commerce ministry said on Sunday it is firmly opposed
to the latest rules by the United States against Huawei         
and will take all necessary measures to safeguard Chinese firms'
rights and interests.             
    
** Meanwhile, South Korea, which eased social distancing rules
on May 6, reported 15 new COVID-19 cases, bringing the national
tally to 11,065.
    
** Among shares, SK Hynix            , the world's No.2 memory
chip maker after Samsung Electronics            , fell as much
as 3.3% after the U.S. on Friday moved to curb shipments of
semiconductors to Huawei          from global chipmakers.
            
    
** Foreigners were net sellers of 27.1 billion won ($22.02
million) worth of shares on the main board. 
    
** The won was quoted at 1,231.0 per dollar on the onshore
settlement platform           , steady from its previous close
at 1,231.0.
    
** In offshore trading, the won        was quoted at 1,230.8 per
dollar, up 0.2% from the previous day, while in non-deliverable
forward trading, its one-month contract               was quoted
at 1,230.6.
    
** The trading volume was 383.19 million shares. Of the total
traded issues of 898, the number of advancing shares was 317.
    
** In money and debt markets, June futures on three-year
treasury bonds         fell 0.04 point to 112.03.
    
** The most liquid 3-year Korean treasury bond yield rose by 0.9
basis point to 0.885%, while the benchmark 10-year yield rose by
1.1 basis points to 1.395%.
($1 = 1,230.6500 won)

 (Reporting by Jihoon Lee; editing by Uttaresh.V)
  
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