S.Korean stocks end at near 1-month low as biopharma shares slump – Reuters

* KOSPI falls, foreigners net sellers

* Korean won strengthens against U.S. dollar

* South Korea benchmark bond yield falls

* For the midday report, please click

SEOUL, Nov 8 (Reuters) – Round-up of South Korean financial markets:

** South Korean shares fell to a near one-month closing low on Monday, driven by losses from biopharmaceutical firms and as investors stayed cautious ahead of inflation data from the United States and China later this week. The won edged higher, while the benchmark bond yield fell.

** The benchmark KOSPI closed down 9.07 points, or 0.31%, at 2,960.20, recouping earlier losses of as much as 1.29%.

** Leading the declines were biopharmaceutical firms, with Samsung Biologics, SK Bioscience and Celltrion falling 4.75%, 14.20% and 5.74%, respectively, following positive data from Pfizer on its experimental pill against COVID-19.

** The sub-index for medical supplies also dropped 5.66%.

** Chip heavyweights Samsung Electronics and SK Hynix, however, rose 0.57% and 0.47%, respectively, capping the declines.

** Foreigners were net sellers of 124.3 billion won ($105.17 million) worth of shares on the main board.

** “(KOSPI) recovered from excessive declines earlier in the session that were driven by sharp losses from biopharmaceutical shares,” said Na Jeong-hwan, an analyst at Cape Investment & Securities.

** “Traders’ movements after the release of (U.S) inflation data will be closely watched amid sharp falls in U.S. treasury yields,” he added.

** The won ended at 1,183.1 per dollar on the onshore settlement platform, 0.18% higher than its previous close.

** In offshore trading, the won was quoted at 1,183.4 per dollar, down 0.2% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,183.5.

** In money and debt markets, December futures on three-year treasury bonds rose 0.11 points to 108.61.

** The most liquid 3-year Korean treasury bond yield fell by 2.6 basis points to 1.918%, while the benchmark 10-year yield fell by 1.5 basis points to 2.335%.

$1 = 1,181.8900 won Reporting by Joori Roh, Additional reporting by Jihoon Lee; Editing by Shailesh Kuber

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