October 29, 2019 / 2:49 AM / 17 days ago

S.Korean stocks steady ahead of Fed rate decision; won firms

    * KOSPI flat, foreigners sell
    * Korean won gains against USD
    * South Korea benchmark bond yields rise

    SEOUL, Oct 29 (Reuters) - Round-up of South Korean financial
markets:

    ** South Korean shares were little changed on Tuesday as
investors exercised caution ahead of a U.S. Federal Reserve rate
decision amid rising hopes for an earlier-than-expected
U.S.-China trade deal. The Korean won strengthened, while the
benchmark bond yields also rose.
    
    ** U.S. President Donald Trump said on Monday he expected to
sign a significant part of the trade deal with China ahead of
schedule but did not elaborate on the timing.             
    
    ** The U.S. trade representative also said they were
studying whether to extend tariff suspensions on $34 billion of
Chinese goods set to expire on Dec. 28 this year.             
    
    ** The Seoul stock market's main KOSPI         was up 0.81
points, or 0.04%, at 2,094.41, as of 0225 GMT.
    
    ** Though the fresh report on the U.S-China trade deal
lifted risk appetite, the already-known trade deal was not a
strong enough material to boost the KOSPI market, said Na
Jeong-hwan, an analyst at DS Investment & Securities.
    
    ** Investors are also taking a cautious stance ahead of the
Federal Reserve's rate decision and signals for further easing,
Na added.
    
    ** Foreigners were net sellers of 22.3 billion won worth of
shares on the main board.
    
    ** The won was quoted at 1,167.2 per dollar on the onshore
settlement platform           , 0.3% higher than its previous
close at 1,170.7.
    
    ** In offshore trading, the won        was quoted at 1,166.5
per U.S. dollar, up 0.1% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,164.8 per dollar.
    
    ** MSCI's broadest index of Asia-Pacific shares outside
Japan                 was up 0.25%, after U.S. stocks ended
higher on strong earnings results and trade deal optimism
           . Japanese stocks         rose 0.48%.
    
    ** The KOSPI has risen 2.63% so far this year, but gained
3.0% in the previous 30 trading sessions.
    
    ** The trading volume during the session in the KOSPI index
        was 149.41 million shares and, of the total traded
issues of 898, the number of advancing shares was 459.
    
    ** The won has lost 4.4% against the U.S dollar so far this
year.
    
    ** In money and debt markets, December futures on three-year
treasury bonds         rose 0.05 points to 109.99, while the
3-month Certificate of Deposit rate was quoted at 1.44%.
    
    ** The most liquid 3-year Korean treasury bond yield fell by
2.2 basis points to 1.501%, while the benchmark 10-year yield
rose by 0.7 basis points to 1.771%.

 (Reporting by Joori Roh; Editing by Aditya Soni)
  
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