S.Korean stocks snap 4-day rally on trade war uncertainties
* KOSPI index drops, foreigners net sellers
* Korean won weakens versus U.S. dollar
* South Korea benchmark bond yield falls
* For the midday report, please click
SEOUL, June 12 (Reuters) - Round-up of South Korean
** South Korea's KOSPI stock index snapped a four-day
rally and fell on Wednesday as investors cautiously watched the
development of U.S.-China trade talks, with worries renewing
after U.S. President Donald Trump added to pressure against
China. The Korean won and the benchmark bond yield fell.
** President Trump said on Tuesday he was holding up a trade
deal with China and had no interest in moving ahead unless
Beijing agrees again to four or five "major points" that Trump
did not specify.
** This month's G20 summit will help push U.S-China trade talks
forward but no final agreement was expected to be reached there,
U.S. Commerce Secretary Wilbur Ross said on Tuesday. He added
that a definitive trade deal with Beijing could not be made at
** The Seoul stock market's main KOSPI fell 3.06 points or 0.14%
to 2,108.75, snapping a four-session winning streak.
** As it's difficult to figure out how the Sino-U.S. talks are
going on, investors are taking a cautious stance, said Kim
Ji-hyung, an analyst at Hanyang Securities.
** South Korean shares exposed to North Korea closed firmer as
U.S. President Donald Trump said he has received a letter from
North Korean leader Kim Jong Un.
** Foreigners were net sellers of 0.3 billion won ($253,635.44)
worth of shares on the main board.
** The won was quoted at 1,182.6 per dollar on the onshore
settlement platform, 0.19% lower than its previous
close at 1,180.4.
** In offshore trading, the won was quoted at 1,182.8 per
U.S. dollar, down 0.4% from the previous day, while in
non-deliverable forward trading its one-month contract
was quoted at 1,181.4 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
was down 0.66%, after U.S. stocks inched lower
. Japanese stocks fell 0.35%.
** The KOSPI has risen 3.32% so far this year, but lost 3.6% in
the previous 30 trading sessions.
** The current price-to-earnings ratio is 12.10, the dividend
yield is 1.28% and the market capitalisation is 1,242.04
** The trading volume during the session on the KOSPI index
was 685.98 million shares and, of the total traded
issues of 892, the number of advancing shares was 425.
** The won has lost 5.7% against the U.S dollar so far this
** In money and debt markets, June futures on three-year
treasury bonds rose 0.20 points to 110.27, while the
3-month Certificate of Deposit rate was quoted at 1.81%.
** The most liquid 3-year Korean treasury bond yield fell by 6.9
basis points to 1.473%, while the benchmark 10-year yield fell
by 7.8 basis points to 1.602%.
($1 = 1,182.8000 won)
(Reporting by Hayoung Choi; Editing by Rashmi Aich)
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