May 12, 2020 / 4:04 AM / 25 days ago

S.Korean shares fall on coronavirus resurgence fears

    * KOSPI falls, foreigners net sellers
    * Korean won weakens versus U.S. dollar
    * South Korea benchmark bond yield falls

    SEOUL, May 12 (Reuters) - Round-up of South Korean financial
markets:
      
** South Korean shares fell nearly 1% on Tuesday amid growing
fears of a coronavirus resurgence as more countries start easing
restrictions, while increasing Sino-U.S. trade tensions also
weighed on investor sentiment. The won weakened, while the
benchmark bond yield fell.
    
** The Seoul stock market's main KOSPI         fell 17.90
points, or 0.92%, to 1,917.50 by 0208 GMT.
    
** Wuhan reported its first cluster of coronavirus infections
since a lockdown on the Chinese city was lifted a month ago,
stoking concerns of a wider resurgence, while the reproduction
rate for the pandemic in Germany remained above the critical
threshold of 1 on Monday.                          
    
** U.S. President Donald Trump said he opposed renegotiating the
U.S.-China "Phase 1" trade deal after a Chinese state-run
newspaper reported some government advisers in Beijing were
urging fresh talks and possibly invalidating the agreement.
            
    
** South Korea reported 27 new coronavirus cases, bringing the
national tally to 10,936. 
    
** Stock prices fell in line with Asian peers and U.S. futures,
as worries of a second wave of the coronavirus pandemic dampened
hopes of a recovery in economic activity, Bookook Securities
analyst Lee Won said.
    
** Foreigners were net sellers of 109.1 billion won ($88.91
million) worth of shares on the main board. 
    
** The won was quoted at 1,227.5 per dollar on the onshore
settlement platform           , 0.57% lower than its previous
close at 1,220.5.
    
** In offshore trading, the won        was quoted at 1,227.1 per
dollar, down 0.3% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,225.9.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 1.01%. Japanese stocks         fell
0.01%.
    
** The KOSPI has fallen 12.75% so far this year, but gained
20.2% in the previous 30 trading sessions. 
    
** The trading volume during the session in the KOSPI index
        was 415.52 million shares. Of the total traded issues of
895, the number of advancing shares was 121.
    
** The won has lost 5.8% against the dollar so far this year.
 
** In money and debt markets, June futures on three-year
treasury bonds         rose 0.09 point to 111.94.
 
** The most liquid 3-year Korean treasury bond yield fell by 1.2
basis points to 0.911%, while the benchmark 10-year yield fell
by 2.4 basis points to 1.437%.

($1 = 1,227.1100 won)

 (Reporting by Jihoon Lee; Editing by Subhranshu Sahu)
  
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