South Korean stocks end higher on strong export data; focus on the key meetings of c.bank

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* Increase in KOSPI, foreign net sellers

* Korean won weakens against US dollar

* The yield on benchmark bonds in South Korea falls

* For the midday report, please click

SEOUL, Nov. 1 (Reuters) – Overview of South Korean financial markets:

** South Korean stocks ended higher on Monday as risk appetite improved on the country’s bullish trade data, as investors waited for policy meetings in the United States, Britain and in Australia. The won weakened, while the benchmark bond yield fell.

** The benchmark KOSPI closed up 8.26 points, or 0.28%, at 2,978.94.

** Among heavyweights, chip giants Samsung Electronics and SK Hynix rose 0.14% and 3.40% respectively, while platform company Naver added 0.37%.

** South Korean exports jumped 24% in October from a year earlier, boosted by post-containment recoveries in major markets, which increased demand for Korean crisps and petrochemicals.

** A separate survey, however, showed that the country’s factory activity grew at its slowest pace in 13 months in October due to the global supply crisis.

** The Federal Open Market Committee, which concludes its two-day meeting on Wednesday, is the culmination of a week full of central bank meetings likely to move markets, with possible policy adjustments at the Bank of England and the Reserve Bank of Australia.

** Foreigners were net sellers of 358.5 billion won ($ 304.79 million) of shares on the main board.

** The won closed at 1,176.5 to the dollar on the onshore settlement platform, 0.67% lower than its previous close.

** In offshore trading, the won was listed at 1,176.1 per dollar, down 0.1% from the previous day, while in undeliverable futures trading, its one-month contract was listed at 1,176.4.

** In money and debt markets, December futures on three-year Treasury bills rose 0.15 points to 107.95.

** The most liquid 3-year Korean Treasury bond yield fell 1.2 basis points to 2.090%, while the benchmark 10-year yield fell 9.7 basis points to 2.486%. ($ 1 = 1,176,2100 won) (Reporting by Joori Roh; Editing by Subhranshu Sahu)


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