November 6, 2019 / 2:24 AM / 10 days ago

S.Korean stocks trim early gains as investors book profits

    * KOSPI trims early gains, foreigners net buyers
    * Korean won little changed vs U.S. dollar
    * South Korea benchmark bond yield rises

    SEOUL, Nov 6 (Reuters) - Round-up of South Korean financial
markets:
    
** South Korean shares gave up early gains to trade little
changed on Wednesday, as investors booked profits after a recent
rally driven by U.S.-China trade talk optimism. The Korean won
was little changed, while the benchmark bond yield rose.
    
** As of 0214 GMT, the Seoul stock market's main KOSPI        
rose 2.91 points, or 0.14%, to 2,145.55. In early trade, the
index rose as much as 0.6% to reach its highest level since May
9. It has gained nearly 3% so far this month.  
        
** Without fresh market-moving news, some institutional
investors booked profits, said Park Sang-hyun, an analyst at HI
Investment & Securities. However, foreigners are likely to
increase their exposure to local shares on expectations that the
won would rise further in line with the yuan, he added. 
    
** China set the yuan's mid-point at 7.0080 per dollar, the
strongest level since August 8.             
    
** Foreigners were net buyers of 132.5 billion won ($114.48
million) worth of shares on the main board. On the other hand,
local institutions were net sellers of 98.5 billion won worth of
shares on the main board. 
    
** The won was quoted at 1,157.8 per dollar on the onshore
settlement platform           , 0.03% lower than its previous
close at 1,157.5.
    
** In offshore trading, the won        was quoted at 1,157.4 per
U.S. dollar, down 0.1% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,155.7 per dollar.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.16%, after U.S. stocks were mixed
overnight. Japanese stocks         rose 0.13%.            
    
** The KOSPI has risen 5.00% 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 165.40 million shares and, of the total traded
issues of 903, the number of advancing shares was 416.
    
** The won has lost 3.6% against the dollar so far this year.
    
** In money and debt markets, December futures on three-year
treasury bonds         fell 0.10 points to 109.86, while the
3-month Certificate of Deposit rate was quoted at 1.49%.
    
** The most liquid 3-year Korean treasury bond yield rose by 1.9
basis points to 1.543%, while the benchmark 10-year yield rose
by 3.2 basis points to 1.849%.

($1 = 1,157.4000 won)   

 (Reporting by Hayoung Choi; Editing by Aditya Soni)
  
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