September 24, 2019 / 2:08 AM / 2 months ago

S.Korea stocks little changed as weak Europe data offsets trade hopes

    * KOSPI almost flat, foreigners net sellers
    * Korean won weakens marginally vs U.S. dollar
    * South Korea benchmark bond yield falls

    SEOUL, Sept 24 (Reuters) - Round-up of South Korean
financial markets:
** South Korean shares veered between losses and gains on
Tuesday as bleak business activity readings from the euro zone
capped investors' optimism over Sino-U.S. trade talks. The
Korean won and the benchmark bond yield fell.
** Euro zone business growth stalled this month, a survey showed
on Monday, dragged down by shrinking activity in powerhouse
Germany, where a manufacturing recession deepened unexpectedly.
** While investors have not found a new momentum for markets,
weak data from the euro zone strengthened worries over recession
in the currency bloc, said Na Jeong-hwan, an analyst at DS
Investment & Securities. 
** U.S. Treasury Secretary Steven Mnuchin said that he and U.S.
Trade Representative Robert Lighthizer would meet with Chinese
Vice Premier Liu He for trade talks in two weeks, stoking hopes
of easing in the bitter trade tussle between the world's two
largest economies.             

** As of 0203 GMT, the Seoul stock market's main KOSPI        
fell 2.66 points, or 0.13%, to 2,089.04, on track to snap a
12-day winning streak. 
** Shares of Hyundai Mobis             hit their highest since
April 2018 after the auto parts maker said it would buy back its
shares worth 323 billion won ($270.81 million).             
** Foreigners were net sellers of 68.5 billion won ($57.32
million) worth of shares on the main board. 
** The won was quoted at 1,194.6 per dollar on the onshore
settlement platform           , 0.05% lower than its previous
close at 1,194.0.
** In offshore trading, the won        was quoted at 1,194.7 per
U.S. dollar, down 0.1% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,193.2 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.08%, after U.S. stocks ended flat
           . Japanese stocks         rose 0.27%.
** The KOSPI has risen 2.39% so far this year, and gained 9.5%
in the previous 30 trading sessions.
** The trading volume during the session in the KOSPI index
        was 171.06 million shares and, of the total traded
issues of 889, the number of advancing shares was 346.
** The won has lost 6.6% against the U.S dollar so far this
** In money and debt markets, December futures on three-year
treasury bonds         rose 0.04 points to 110.73, while the
3-month Certificate of Deposit rate was quoted at 1.55%.
** The most liquid 3-year Korean treasury bond yield fell by 1.0
basis points to 1.320%, while the benchmark 10-year yield fell
by 1.4 basis points to 1.448%.
    ($1 = 1,195.1000 won)    

 (Reporting by Hayoung Choi; Editing by Aditya Soni
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