S.Korean stocks extend declines for third session; won gains

Barunson Entertainment & Arts

27/05/2019 08:50

* KOSPI index falls, foreigners net sellers
    * Korean won strengthens versus U.S. dollar
    * South Korea benchmark bond yield rises
    * For the midday report, please click  urn:newsml:reuters.com:*:nL4N2330AN

    Seoul, May 27 (Reuters) - Round-up of South Korean financial
markets    
South Korea's KOSPI stock index  .KS11  ended lower for a third
straight session on Monday amid an absence of market-moving news
and over worries the China-U.S. trade spat was turning into a
technology cold war. The won and the benchmark bond yield rose.
    
** Casting a shadow over many share markets were trade worries
between the world's two largest economies.
 
** The Seoul stock market's main KOSPI ended down 1.10 points,
or 0.05%, at 2,044.21 points.
 
** Foreigners were net sellers of 194.3 billion won worth of
shares on the main board.
     
** Meanwhile, shares of Barunson Entertainment & Arts Corp
 035620.KQ  surged 29.9% after its production "Parasite" won the
Palme d'Or prize at the Cannes Film Festival on Saturday.
 urn:newsml:reuters.com:*:nL4N23305Q

** Shares of YG Entertainment  122870.KQ  plummeted after local
broadcaster gave notice that it will air programme later on
Monday about allegations of its CEO's involvement in potentially
illegal activities by the company.  urn:newsml:reuters.com:*:nL4N23316X
     
** The won was quoted at 1,184.5 per dollar on the onshore
settlement platform  KRW=KFTC , 0.33% higher than its previous
close at 1,188.4.
 
** In offshore trading, the won  KRW=  was quoted at 1,185.0 per
U.S. dollar, largely unchanged from the previous session, while
in non-deliverable forward trading its one-month contract
 KRW1MNDFOR=  was quoted at 1,183.6 per dollar.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
 .MIAPJ0000PUS  was up 0.15%, after U.S. stocks edged higher
 MKTS/GLOB . Japanese stocks  .N225  rose 0.31%.
    
** The KOSPI rose 0.16% so far this year, but lost 8.1% in the
previous 30 trading sessions.
    
** The current price-to-earnings ratio is 12.10, the dividend
yield is 1.28% and the market capitalisation is 1,242.04
trillion won.
    
** The trading volume during the session on the KOSPI index
 .KS11  was 342.68 million shares and, of the total traded
issues of 895, the number of advancing shares was 342.
    
** The won lost 5.8% against the U.S. dollar so far this year.
    
** In money and debt markets, June futures on three-year
treasury bonds  KTBc1  dipped 0.01 points to 109.76, while the
3-month Certificate of Deposit rate was quoted at 1.84%.
    
** The most liquid 3-year Korean treasury bond yield rose by 1.0
basis points to 1.653%, while the benchmark 10-year yield rose
by 0.7 basis points to 1.798%.

 (Reporting by Yuna Park, Editing by Sherry Jacob-Phillips)
 ((Yuna.Park@thomsonreuters.com; +822 3704 5565; Reuters
Messaging: yuna.park.thomsonreuters.com@reuters.net))