June 22, 2020 / 2:29 AM / 17 days ago

S.Korean shares fall as exports contract amid second virus wave fears

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

    SEOUL, June 22 (Reuters) - Round-up of South Korean
financial markets:
    
    ** South Korean shares fell on Monday as the country's
exports extended their contraction amid renewed fears of a
second wave of the COVID-19 pandemic. The Korean won weakened,
while the benchmark bond yield rose.
    
    ** The Seoul stock market's main KOSPI         fell 6.98
points, or 0.33%, to 2,134.34, as of 0158 GMT. 
    
    ** The World Health Organization reported a record increase
in global coronavirus cases on Sunday, with the total rising by
183,020 in a 24-hour period.             
    
    ** South Korea reported 17 new coronavirus cases on Monday,
bringing the national tally to 12,438.
    
    ** South Korean exports extended their contraction during
the first 20 days of June, but at a slower pace, as the COVID-19
pandemic continued to weigh on global demand.             
    
    ** South Korea's exports are likely to improve at a slower
pace due to worries of the second wave of coronavirus, said Lee
Na-ye, an analyst at Korea Investment & Securities.
    
    ** Foreigners were net sellers of 47.0 billion won ($38.72
million) worth of shares on the main board. 
    
    ** The won was quoted 0.32% lower at 1,213.5 per dollar on
the onshore settlement platform           .
    
    ** In offshore trading, the won        was quoted down 0.1%
at 1,213.5 per dollar, while in non-deliverable forward trading
its one-month contract               was quoted at 1,212.9.
    
    ** The trading volume during the session in the KOSPI index
was 334.35 million shares. Of the total traded issues of 901,
the number of advancing shares was 282.
    
    ** In money and debt markets, September futures on
three-year treasury bonds         rose 0.02 point to 111.98.
    
    ** The most liquid 3-year Korean treasury bond yield rose by
0.8 basis point to 0.851%, while the benchmark 10-year yield
rose by 1.8 basis points to 1.396%.

($1 = 1,213.8800 won)

 (Reporting by Jihoon Lee; Editing by Krishna Chandra Eluri)
  
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