November 5, 2019 / 2:12 AM / 3 months ago

S.Korean stocks tread water after recent rally

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

    SEOUL, Nov 5 (Reuters) - Round-up of South Korean financial
** South Korean shares were little changed on Tuesday, as
investors paused following a run of gains fuelled by optimism
over the prospects of a U.S.-China trade deal. The Korean won
weakened, while the benchmark bond yield rose.
** Trump administration officials are debating whether to remove
some existing tariffs on Chinese goods as a concession to seal a
partial deal, the Financial Times reported on Monday.
** The report was a positive but its impact was limited because
expectations of easing tensions between the United States and
China have largely been priced in, said Lee Young-gon, an
analyst at Hana Financial Investment. It's time to pause for
breath, he added. 
** As of 0205 GMT, the Seoul stock market's main KOSPI        
rose 2.37 points, or 0.11%, to 2,132.61. The benchmark index
closed 1.4% higher on Monday after touching a four-month high
earlier in the session.
** Foreigners were net buyers of 54.9 billion won ($47.29
million) worth of shares on the main board. 
** The won was quoted at 1,160.7 per dollar on the onshore
settlement platform           , 0.13% lower than its previous
close at 1,159.2.
** In offshore trading, the won        was quoted at 1,160.9 per
U.S. dollar, up 0.2% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,159.9 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.05%, after U.S. stocks closed up
overnight            . Japanese stocks         rose 1.36%.
** The KOSPI has risen 4.41% so far this year, and gained 2.4%
in the previous 30 trading sessions.
** The trading volume during the session in the KOSPI index
        was 168.99 million shares and, of the total traded
issues of 900, the number of advancing shares was 374.
** The won has lost 3.9% against the dollar so far this year.
** In money and debt markets, December futures on three-year
treasury bonds         rose 0.03 points to 109.85, while the
3-month Certificate of Deposit rate was quoted at 1.46%.
** The most liquid 3-year Korean treasury bond yield rose by 0.1
basis points to 1.549%, while the benchmark 10-year yield rose
by 1.6 basis points to 1.840%.    

($1 = 1,160.8000 won)

 (Reporting by Hayoung Choi; Editing by Aditya Soni)
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