S.Korean stocks, won gain ahead of Trump-Kim summit
11/06/2018 08:11
* For the midday report, please click urn:newsml:reuters.com:*:nL4N1TD1IQ
* KOSPI index up; foreigners buy
* Korean won edges up versus U.S. dollar
* South Korea bond yields up
SEOUL, June 11 (Reuters) - Round-up of South Korean
financial markets:
** South Korea's KOSPI stock index .KS11 and the won KRW=
inched up on Monday on expectations of a positive outcome from
the U.S.-N.Korea summit scheduled on Tuesday.
"We've got very interesting meeting in particular tomorrow, and
I just think it's going to work out very nicely," President
Trump said in Singapore, backing the optimistic prospect.
urn:newsml:reuters.com:*:nS7N0V903H
** At 06:32 GMT, the KOSPI was up 18.57 points or 0.76 percent
at 2,470.15. Stocks related to inter-Korea projects showed huge
gains. Shares of Hyundai Cement 006390.KS rose 29.9 pct while
those of Busan Industrial 011390.KS jumped 17.7 pct.
** South Korea's cryptocurrency exchange-related shares plunged
as a 'cyber intrusion' into South Korean cryptocurrency exchange
Coinrail broke out over the weekend, causing a loss for about 30
percent of the coins traded on the exchange. Bithumb's
stakeholders Vidente 121800.KQ and Omnitel 057680.KQ both
tumbled 4 pct and 3.9 pct, respectively. urn:newsml:reuters.com:*:nL4N1TD066
** The won was quoted at 1,075.2 per dollar on the onshore
settlement platform KRW=KFTC , 0.07 percent firmer than its
previous close at 1,075.9.
** In offshore trading, the won KRW= was quoted at 1,074.06
per U.S. dollar, down 0.01 percent from the previous day, while
in one-year non-deliverable forwards KRWNDFOR= it was being
asked at 1,057.1 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
.MIAPJ0000PUS was up 0.29 percent, after U.S. stocks ended the
previous session with gains MKTS/GLOB . Japanese stocks .N225
rose 0.48 percent.
** The KOSPI is down around 0.6 percent so far this year, and up
by 0.91 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 414,291,000 shares and, of the total traded issues
of 884, the number of advancing shares was 543.
** Foreigners were net sellers of 9,820 million won worth of
shares.
** The U.S dollar has risen 0.72 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 1,098.4 on February 6 2018.
** In money and debt markets, June futures on three-year
treasury bonds KTBc1 fell 0.06 points to 107.88.
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 2.229 percent, higher than the previous
day's 2.19 percent.
(Reporting by Joori Roh; Editing by Vyas Mohan)
((joori.roh@thomsonreuters.com;))