S.Korea stocks seesaw as Sino-U.S. trade pact fails to assuage uncertainty

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

    SEOUL, Jan 16 (Reuters) - Round-up of South Korean financial
Seoul shares oscillated between positive and negative territory
on Thursday as the Sino-U.S. pact defused a tariff war, which
had roiled South Korea's trade-dependent economy, but the deal
failed to soothe investor concerns about trade differences. The
Korean won and the benchmark bond yield weakened. 
** The United States and China signed the interim trade deal
that will roll back some tariffs and boost Chinese purchases of
U.S. goods and services. The deal will, however, leave in place
25% tariffs on a $250 billion array of Chinese industrial goods
and components used by U.S. manufacturers.             
** The deal was in line with market expectations, said Na
Jeong-hwan, an analyst at DS Investment & Securities. Now the
focus has shifted to China's compliance with the agreement and
the progress of their talks for a Phase 2 deal, he noted.   
** Though the deal was a favourable factor, local institutions'
selling of KOSPI stocks also limited gains as they sell to take
profits, he added.    
** U.S. Vice President Mike Pence said on Wednesday that
discussions had already begun on a "Phase 2" U.S.-China trade
deal, hours after Washington and Beijing signed the pact. 
** As of 0210 GMT, the Seoul stock market's main KOSPI        
was up 4.48 points, or 0.20%, at 2,235.46. Earlier in the
session, the index dropped as much as 0.25%. 
** Shares of Hyundai Motor             jumped to a two-week high
following some positive reviews on the first sport-utility
vehicle, under its Genesis premium brand, unveiled on Wednesday.
** Foreigners were net sellers of 29.2 billion won ($25.19
million) worth of shares on the main board. 
** The won was quoted at 1,158.9 per dollar on the onshore
settlement platform           , 0.16% lower than its previous
close at 1,157.0.
** In offshore trading, the won        was quoted at 1,159.0 per
U.S. dollar, down 0.1% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,157.1 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.11%, after U.S. stocks closed up
overnight            . Japanese stocks         was flat.
** The KOSPI rose 1.54% so far this year, and gained 6.8% in the
previous 30 trading sessions.
** The trading volume during the session in the KOSPI index
        was 310.42 million shares and, of the total traded
issues of 904, the number of advancing shares was 337.
** The won lost 0.2% against the dollar so far this year.
** In money and debt markets, March futures on three-year
treasury bonds         was unchanged at 110.43, while the
3-month Certificate of Deposit rate was quoted at 1.46%. 
** The most liquid 3-year Korean treasury bond yield rose by 0.3
basis points to 1.394%, while the benchmark 10-year yield fell
by 0.9 basis points to 1.682%.

($1 = 1,159.0900 won)    

 (Reporting by Hayoung Choi, Editing by Sherry Jacob-Phillips)