May 7, 2020 / 4:23 AM / a month ago

S.Korean shares slide on downbeat U.S. data, euro zone forecast

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

    SEOUL, May 7 (Reuters) - Round-up of South Korean financial
** South Korean shares edged lower on Thursday as investors
turned risk-averse following downbeat data from the United
States and a record recession forecast for the euro zone. The
Korean won weakened and the benchmark bond yield fell.
** The KOSPI         fell 2.45 points, or 0.13%, to 1,926.31 by
0234 GMT.
** Data showed private employers in the U.S. laid off a record
20.236 million workers in April, while a European Commission
forecast said the euro zone economy will contract by a record
7.7% this year and inflation will almost disappear.             
** Sino-U.S. tensions were also in focus, with U.S. President
Donald Trump saying he would be able to report in about a week
or two whether China is fulfilling its obligations under the
Phase 1 trade deal.             
** Stock prices were under pressure from persisting
uncertainties around the coronavirus pandemic and U.S.-China
tensions, KB Securities' analyst Kim Young-hwan said.
** South Korea reported four new coronavirus cases on Thursday,
bringing the national tally to 10,810.
** Foreigners were net sellers of 128.6 billion won ($104.83
million) worth of shares on the main board. 
** The won was quoted at 1,226.6 per dollar on the onshore
settlement platform           , 0.37% lower than its previous
close at 1,222.1.
** In offshore trading, the won        was quoted at 1,226.8 per
dollar, up 0.1% from the previous day, while in non-deliverable
forward trading, its one-month contract               was quoted
at 1,225.2.
** The KOSPI has fallen 12.35% so far this year, but gained
32.3% in the previous 30 trading sessions.
** The trading volume was 425.91 million shares. Of the total
traded issues of 896, the number of advancing shares was 397.
** The won has lost 5.7% against the dollar so far this year.
** In money and debt markets, June futures on three-year
treasury bonds         rose 0.05 point to 111.83.
** The most liquid 3-year Korean treasury bond yield fell by 1.0
basis point to 0.949%, while the benchmark 10-year yield fell by
2.6 basis points to 1.480%.
($1 = 1,226.7800 won)

 (Reporting by Jihoon Lee; editing by Uttaresh.V)
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