S.Korea stocks stuck as caution over U.S. tariff deadline prevails
* KOSPI falls, foreigners net sellers
* Korean won weakens versus U.S. dollar
* South Korea benchmark bond yield steady
SEOUL, Dec 11 (Reuters) - Round-up of South Korean financial
** South Korean shares were trading in a tight range on
Wednesday, as some positive local economic data was overshadowed
by the nearing U.S.-China tariff deadline. The Korean won
weakened, while the benchmark bond yield was unchanged.
** As of 01:35 GMT, the Seoul stock market's main KOSPI
fell 0.07 point to 2,097.93.
** Foreigners were net sellers of 35 billion won ($29.68
million) worth of shares on the main board.
** The won was quoted at 1,193.6 per dollar on the onshore
settlement platform , 0.19% lower than its previous
close at 1,191.3.
** Kiwoom Securities analyst Kim Yoo-mi said caution prevailed
over the Dec. 15 deadline for a U.S. plan to raise tariffs on
Chinese imports and ahead of the outcome of the U.S. Federal
Open Market Committee meeting.
** The wait-and-watch sentiment outweighed the statistics agency
data showing the country's number of employed people jumped by
331,000 in November over a year earlier, a big gain although
less than a gain of 419,000 people in October.
** In offshore trading, the won was quoted at 1,193.4 per
U.S. dollar, down 0.3% from the previous day, while in
non-deliverable forward trading its one-month contract
was quoted at 1,192.2 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
was up 0.08%, after U.S. stocks slipped
overnight. Japanese stocks fell 0.25%.
** The KOSPI has risen 2.79% so far this year, and gained 0.3%
in the previous 30 trading sessions.
** The trading volume during the session in the KOSPI index
was 247.83 million shares and, of the total traded
issues of 903, the number of advancing shares was 376.
** The won has lost 6.5% against the dollar so far this year.
** In money and debt markets, December futures on three-year
treasury bonds fell 0.02 point to 110.39, while the
3-month Certificate of Deposit rate was quoted at 1.53%.
** The most liquid 3-year Korean treasury bond yield rose by 3.3
basis points to 1.440% in late-morning trade, while the
benchmark 10-year yield was flat at 1.645%.
($1 = 1,179.3300 won)
(Reporting by Choonsik Yoo; Editing by Shounak Dasgupta) 2019-12-11 04:10:19
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