June 17, 2020 / 2:45 AM / a month ago

S.Korean shares fall on rising tensions with N.Korea

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

    SEOUL, June 17 (Reuters) - Round-up of South Korean
financial markets:
    
    ** South Korean shares fell on Wednesday on escalating
tensions with North Korea and concerns about a second wave of
coronavirus infections in the United States and China. The
Korean won weakened and the benchmark bond yield fell.
    
    ** The Seoul stock market's benchmark KOSPI         was
0.63% down at 2,122.09 as of 2016 GMT, after posting the
sharpest daily gain in nearly three months of 5.3% on Tuesday.
    
    ** North Korea on Wednesday rejected South Korea's offer to
send special envoys to ease escalating tensions over defector
activity and stalled reconciliation efforts, vowing to redeploy
troops to demilitarised border units.             
    
    ** The North Korea risk appears to have put some pressure on
the sentiment, said Lee Kyoung-min, an analyst at Daishin
Securities.
    
    ** Shares of South Korean defence-related companies surged
due to the heightened geopolitical risks.             
            
    
    ** Adding to the downbeat mood, the United States reported
record high coronavirus infections in six states on Tuesday,
while Beijing struggled to contain a fresh outbreak in the
Chinese capital.                          
    
    ** Foreigners were net sellers of 90.6 billion won ($74.67
million) worth of shares on the main board. 
    
    ** The won was quoted 0.54% lower at 1,213.8 per dollar on
the onshore settlement platform           .
    
    ** In offshore trading, the won        was quoted down 0.2%
at 1,213.9 per dollar, while in non-deliverable forward trading
its one-month contract               was quoted at 1,213.7.
    
    ** In money and debt markets, September futures on
three-year treasury bonds         rose 0.01 point to 111.93.
    
    ** The most liquid 3-year Korean treasury bond yield rose by
0.9 basis point to 0.869%, while the benchmark 10-year yield
fell by 0.5 basis point to 1.395%.

($1 = 1,213.4000 won)

 (Reporting by Jihoon Lee; Editing by Amy Caren Daniel)
  
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