S.Korean stocks, won recover; global tariff tensions weigh on market
03/07/2018 07:30
* KOSPI index gains slightly, foreigners buy
* Korean won rises against U.S. dollar
* South Korea bond yields inch higher
* For the midday report, please click urn:newsml:reuters.com:*:nL4N1TZ16C
SEOUL, July 3 (Reuters) - Round-up of South Korean financial
markets:
** South Korea's KOSPI stock index .KS11 and the won recovered
on Tuesday to close slightly firmer, as overnight gains on Wall
Street boosted sentiment amid concerns over escalating trade
tensions between the United States and other major economies.
Bond yields inched higher.
** At 06:32 GMT, the KOSPI was up 1.22 points, or 0.05 percent,
at 2,272.76, after hitting its lowest at 2,252.36 since May 2017
earlier in the session.
** The won was quoted at 1,118.7 per dollar on the onshore
settlement platform KRW=KFTC , 0.12 percent firmer than its
previous close at 1,120. Tech giant Samsung Electronics
005930.KS and chipmaker SK Hynix 000660.KS gained 1.3
percent and 2.9 percent, respectively, while Samsung BioLogics
207940.KS jumped 3.5 percent.
** Shares of North Korea-related companies such as cement
producers and railroad-related firms gained after the White
House said Secretary of State Mike Pompeo will travel to North
Korea on Thursday, seeking agreement on plan for the country's
denuclearisation. Hyundai Cement 006390.KS and Korea Cement
198440.KQ climbed 12.1 percent and 16.7 percent respectively,
while Daea TI 045390.KQ , the company that provides railway
signal control systems, jumped 11.9 percent. urn:newsml:reuters.com:*:nL1N1TY1Z1
** In offshore trading, the won KRW= was quoted at 1,116.56
per U.S. dollar, up 0.12 percent from the previous day, while in
one-year non-deliverable forwards KRWNDFOR= it was being asked
at 1,100.45 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
.MIAPJ0000PUS was down 0.43 percent, after U.S. stocks ended
the previous session with mild gains MKTS/GLOB . Japanese
stocks .N225 weakened 0.12 percent.
** The KOSPI is down around 7.9 percent so far this year, and
down by 7.65 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 360,738,000 shares and, of the total traded issues
of 888, the number of advancing shares was 411.
** Foreigners were net buyers of 201,653 million won worth of
shares.
** The U.S dollar has risen 4.71 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 1,125.17 on June 27, 2018.
** In money and debt markets, September futures on three-year
treasury bonds KTBc1 fell 0.06 points to 108.04.
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 2.139 percent, higher than the previous
day's 2.13 percent.
(Reporting by Joori Roh; Editing by Subhranshu Sahu)
((joori.roh@thomsonreuters.com;))