S.Korean stocks, won rise in line with China, Japan markets
24/08/2018 08:29
* KOSPI index rises, foreigners buy
* Korean won gains against U.S. dollar
* South Korea bond yields down
* For the midday report, please click urn:newsml:reuters.com:*:nL3N1VF1FY
SEOUL, Aug 24 (Reuters) - Round-up of South Korean financial
markets:
** South Korea's KOSPI stock index .KS11 and the won
strengthened on Friday, in line with gains in China and Japan.
South Korean bond yields fell.
** U.S. and Chinese officials ended two days of talks on
Thursday with no major breakthrough. At the same time, their
trade war escalated with activation of another round of duelling
tariffs on $16 billion worth of each country's goods.
urn:newsml:reuters.com:*:nL2N1VE01M
** Though the Sino-U.S. trade talks ended without any progress,
the effort could have worked as a positive signal to the market
considering it as an extension of efforts to resolve trade
tensions, said Moon Dong-yeol, an analyst at Samsung Securities.
** At 06:30 GMT, the KOSPI was up 10.61 points, or 0.46 percent,
at 2,293.21. For the week, the benchmark index rose 2.1 percent,
its biggest gain since the week ended March 9.
** Stocks related to K-pop boy band BTS climbed ahead of an
album release on Friday. The band also kicks off a world tour
starting with a two-day concert in South Korea on Saturday and
Sunday. urn:newsml:reuters.com:*:nL3N1VF1UM
** The won was quoted at 1,118.9 per dollar on the onshore
settlement platform KRW=KFTC , 0.22 percent firmer than its
previous close at 1,121.4. The won climbed 0.5 percent this week
in its second straight weekly gain.
** In offshore trading, the won KRW= was quoted at 1,118.64
per U.S. dollar, up 0.44 percent from the previous day, while in
one-year non-deliverable forwards KRWNDFOR= it was being
transacted at 1,102.15 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
.MIAPJ0000PUS was down 0.12 percent, after U.S. stocks ended
the previous session with mild losses MKTS/GLOB . Japanese
stocks .N225 rose 0.85 percent.
** The KOSPI is down around 7.5 percent so far this year, and up
by 0.09 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 340,999,000 shares and, of the total traded issues
of 897, the number of advancing shares was 481.
** Foreigners were net buyers of 77,820 million won worth of
shares.
** The U.S dollar has risen 4.9 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 rose 0.03 points to 108.68.
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 1.969 percent, higher than the previous
day's 1.96 percent.
(Reporting by Joori Roh; Editing by Subhranshu Sahu)
((joori.roh@thomsonreuters.com;))