November 27, 2019 / 2:19 AM / 10 days ago

S.Korean stocks firm on more positive signals from trade talks

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

    SEOUL, Nov 27 (Reuters) - Round-up of South Korean financial
markets:
    
** South Korean shares inched higher on Wednesday as positive
signals from U.S.-China trade talks suggested that a potential
deal to de-escalate the tariff war was near. The Korean won
strengthened, while the benchmark bond yield fell.
    
** The United States and China are close to an agreement on the
first phase of a trade deal, U.S. President Donald Trump said on
Tuesday, after top negotiators from the two countries spoke by
telephone and agreed to keep working on remaining issues.
            
    
** The KOSPI, in line with global peers, gained on rising
optimism over trade talks, said Lee Young-gon, an analyst at
Hana Financial Investment. Foreigners were net sellers in early
trade, but the sell-off is likely to subside gradually, he
added. 
    
** As of 0206 GMT, the Seoul stock market's main KOSPI        
rose 5.11 points, or 0.24%, to 2,126.46. 
    
** Foreigners were net sellers of 113.8 billion won ($96.50
million) worth of shares on the main board. 
    
** The won was quoted at 1,175.6 per dollar on the onshore
settlement platform           , 0.09% higher than its previous
close at 1,176.7.
    
** In offshore trading, the won        was quoted at 1,174.5 per
U.S. dollar, down 0.2% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,174.6 per dollar.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.14%, after U.S. stocks climbed to fresh
record closing highs. Japanese stocks         rose 0.30%.
           
    
** The KOSPI has risen 4.17% so far this year, and gained 2.6%
in the previous 30 trading sessions.
    
** The trading volume during the session in the KOSPI index
        was 143.59 million shares and, of the total traded
issues of 900, the number of advancing shares was 349.
    
** The won has lost 5.1% against the dollar so far this year.
    
** In money and debt markets, December futures on three-year
treasury bonds         rose 0.03 points to 110.25, while the
3-month Certificate of Deposit rate was quoted at 1.53%.
    
** The most liquid 3-year Korean treasury bond yield fell by 1.0
basis points to 1.467%, while the benchmark 10-year yield fell
by 2.1 basis points to 1.689%.    

($1 = 1,179.3300 won)    

 (Reporting by Hayoung Choi; Editing by Aditya Soni)
  
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