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South Korea stocks slip as investors turn cautious ahead of U.S. election



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KOSPI slips, foreigners net sellers

Korean won weakens against US dollar

South Korea benchmark bond yield falls

SEOUL, Nov 5 (Reuters) -Round-up of South Korean financial markets:


** South Korean shares fell on Tuesday amid increasing risk-off sentiment ahead of the U.S. presidential election. The won weakened, while the benchmark bond yield fell.

** The benchmark KOSPI .KS11 was down 15.11 points, or 0.58%, at 2,573.86 as of 01:46 GMT.

** Among index heavyweights, chipmaker Samsung Electronics 005930.KS fell 1.87% and peer SK Hynix 000660.KS gained 1.03%, while battery maker LG Energy Solution 373220.KS slid 0.82%.

** Hyundai 005380.KS shed 2.08% and sister automaker Kia 000270.KS lost 1.13%, while search engine Naver 035420.KS and instant messenger Kakao 035720.KS were up 0.28% and flat, respectively.

** South Korea's October headline inflation slowed further to its weakest in almost four years, data showed, strengthening the case for more interest rate cuts and fuelling worries of an undershoot of the Bank of Korea's 2% target.

** Of the total 939 traded issues, 439 shares advanced and 419 declined.

** Foreigners net sold shares worth 232.6 billion won ($168.8 million) on the main board.

** The won was quoted at 1,378.3 per U.S. dollar on the onshore settlement platform KRW=KFTC, 0.28% lower than its Monday's close at 1,374.5.

** In offshore trading, the won KRW= was quoted at 1,377.3 per dollar, down 0.3%, while its one-month contract KRW1MNDFOR= was quoted at 1,375.4 in non-deliverable forward trading.

** The KOSPI has fallen 3.07% so far this year, but gained 0.5% in the last 30 trading sessions.

** The won has shed 6.6% against the dollar so far this year.

** In money and debt markets, December futures on three-year treasury bonds KTBc1 rose 0.03 point to 105.88.

** The most liquid three-year Korean treasury bond yield KR3YT=RR fell 0.9 basis points to 2.926%, while the benchmark 10-year yield KR10YT=RR dropped 1.3 basis points to 3.084%.


($1 = 1,377.5100 won)



Reporting by Cynthia Kim; Editing by Sumana Nandy

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