S.Korean stocks gain tracking China shares; won dips

SHINWON

24/07/2018 08:08

* KOSPI index gains, foreign investors buy
    * Korean won drops versus U.S. dollar
    * South Korea bond yields edge up
    * For the midday report, please click  urn:newsml:reuters.com:*:nL4N1UK1CC

    SEOUL, July 24 (Reuters) - Round-up of South Korean
financial markets:
** South Korea's KOSPI stock index  .KS11  rose on Tuesday, in
line with Asian peers and Shanghai shares that touched a
one-month high, while the won tumbled ahead of U.S. GDP growth
due on Friday. Bond yields rose.
 
** At 06:30 GMT, the KOSPI was up 10.89 points or 0.48 percent
at 2,280.20.

    ** Shares of South Korean companies with exposure to North
Korea rose after a report said satellite images indicate
Pyongyang has begun dismantling key facilities at a site used to
develop engines for ballistic missiles. 
    
    ** South Korea's railway-related stocks rise; Busan
Industrial Co Ltd  011390.KS  and Hyundai Cement Co Ltd
 006390.KS  surge 30 percent and 23.4 percent respectively,
while clothing companies which have a branch in Kaesung
Industrial Complex in North Korea, such as In The F Co Ltd
 014990.KS  and Shinwon Corp  009270.KS , also gain.
 urn:newsml:reuters.com:*:nL4N1UK05Z     
 
** The won was quoted at 1,135.2 per dollar on the onshore
settlement platform  KRW=KFTC , 0.33 percent weaker than its
previous close at 1,131.4, hitting its lowest close since Oct
2017.
 
** In offshore trading, the won  KRW=  was quoted at 1,134.8 per
U.S. dollar, down 0.15 percent from the previous day, while in
one-year non-deliverable forwards  KRWNDFOR=  it was being asked
at 1,118.69 per dollar. 
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
 .MIAPJ0000PUS  was up 0.59 percent, after U.S. stocks ended the
previous session with gains  MKTS/GLOB . Japanese stocks  .N225 
rose 0.51 percent. 
 
** The KOSPI is down around 8.0 percent so far this year and is
down 7.43 percent in the previous 30 days.
 
** The current price-to-earnings ratio is 12.10, the dividend
yield is 1.28 percent and the market capitalisation is 1,242.04
trillion won. 
 
** The trading volume during the session on the KOSPI index
 .KS11  was 429,445,000 shares and of the total traded issues of
893, the number of advancing shares was 599.
 
** Foreign investors were net buyers of 62,441 million won worth
of shares.
 
** The U.S dollar has risen 6.42 percent against the won this
year. The won's high for the year is 1,053.55 per dollar on
April 2 2018 and low is 1,140.4 on July 19 2018.
 
** In money and debt markets, September futures on three-year
treasury bonds  KTBc1  fell 0.09 points to 108.12.
 
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 2.096 percent, higher than the previous
day's 2.08 percent.

 (Reporting by Joori Roh; Editing by Vyas Mohan)
 ((joori.roh@thomsonreuters.com;))