S.Korean stocks rise on U.S.-Mexico trade deal, won steady

Woongjin Co

29/08/2018 08:09

* KOSPI index climbs, foreigners buy
    * Korean won edges down versus U.S. dollar
    * South Korea bond yields down
    * For the midday report, please click  urn:newsml:reuters.com:*:nL3N1VK1LB

    Aug 29 (Reuters) - Round-up of South Korean financial
markets:
** South Korea's KOSPI stock index  .KS11  rose slightly on
Wednesday on positive sentiment about the U.S.-Mexico trade
deal, but concerns over the Sino-U.S. tariff war capped gains.
The Korean won was flat while bond yields fell.

** At 06:30 GMT, the KOSPI was up 5.91 points or 0.26 percent at
2,309.03.
 
** Dongkuk Steel Mill  001230.KS  ended 15 percent higher on
expectations of rising demand for steel plate.  urn:newsml:reuters.com:*:nL3N1VK2JR
    
** Shares of Woongjin  016880.KS  added 14.4 percent as the
company seeks to take over Coway  021240.KS , in cooperation
with local private equity firm Stic Investment.  urn:newsml:reuters.com:*:nL3N1VK1K1
  
** Remarks by the U.S. Defense Secretary hit South Korean
construction stocks exposed to the North, such as Namkwang
Engineering & Construction  001260.KS  and Bumyang Construction
 002410.KS , which lost 2.9 percent each.  urn:newsml:reuters.com:*:nL3N1VK05W
** The won was quoted at 1,110.2 per dollar on the onshore
settlement platform  KRW=KFTC , 0.02 percent weaker than its
previous close at 1,110. 
 
** In offshore trading, the won  KRW=  was quoted at 1,110.68
per U.S. dollar, down 0.31 percent from the previous day, while
in one-year non-deliverable forwards  KRWNDFOR=  it was being
transacted at 1,094.65 per dollar. 
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
 .MIAPJ0000PUS  was up 0.11 percent, after U.S. stocks ended the
previous session with mild gains  MKTS/GLOB . Japanese stocks
 .N225  rose 0.15 percent. 
 
** The KOSPI is down around 6.7 percent so far this year, and up
by 0.05 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 252,045,000 shares and, of the total 898 traded
issues, the number of advancing shares was 423.
 
** Foreigners were net buyers of 120,624 million won worth of
shares.
 
** The U.S dollar has risen 4.16 percent against the won this
year. The won's high for the year is 1,053.55 per dollar on
April 2 and the low is 1,140.4 on July 19.
 
** In money and debt markets, September futures on three-year
treasury bonds  KTBc1  rose 0.05 points to 108.77.
 
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 1.949 percent, lower than the previous
day's 1.97 percent.

 (Reporting by Hayoung Choi; Editing by Sunil Nair)
 ((hayoung.choi@thomsonreuters.com;))