June 23, 2020 / 3:51 AM / 10 days ago

S.Korean shares track Wall St gain despite rising infections, U.S.-China tensions

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

    SEOUL, June 23 (Reuters) - Round-up of South Korean
financial markets:
    
    ** South Korean shares rose on Tuesday, tracking gains on
Wall Street overnight, though the rise was limited over worries
of rising coronavirus infections and U.S.-China tensions. The
Korean won strengthened, while the benchmark bond yield fell.
    
    ** The Seoul stock market's main KOSPI         rose 3.90
points, or 0.18%, to 2,130.63 as of 0203 GMT. 

    ** Coronavirus cases are soaring in several major countries
at the same time, with "worrying increases" in Latin America,
especially Brazil, the World Health Organization said on Monday.
             
    
    ** Meanwhile, White House economic adviser Larry Kudlow said
there is no second wave of the COVID-19 pandemic, even though
there are some flare-ups, and it is unlikely there will be
widespread shutdowns across the United States.             
    
    ** Stocks swung sharply to losses after White House adviser
Peter Navarro said the trade deal with China is "over", but
recovered lost ground after he issued a statement saying his
comments "have been taken wildly out of context".              
    
    ** U.S.-China noises will continue to affect the market
until the election, but it seems unlikely that the U.S. actually
carries out meaningful actions against China, said Seo
Sang-young, an analyst at Kiwoom Securities.
    
    ** Foreigners were net buyers of 9.9 billion won ($8.18
million) worth of shares on the main board. 
    
    ** The won was quoted 0.34% higher at 1,211.7 per dollar on
the onshore settlement platform           .
    
    ** In offshore trading, the won        was quoted flat at
1,209.8 per dollar, while in non-deliverable forward trading its
one-month contract               was quoted at 1,209.0.
    
    ** In money and debt markets, September futures on
three-year treasury bonds         rose 0.11 point to 112.10.
    
    ** The most liquid 3-year Korean treasury bond yield fell by
2.1 basis points to 0.826%, while the benchmark 10-year yield
fell by 3.2 basis points to 1.359%.

($1 = 1,209.6000 won)

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