S.Korean stocks, won drop on China economy slowdown

GS Retail

16/07/2018 07:57

* KOSPI index edges lower, foreigners sell
    * Korean won falls against U.S. dollar
    * South Korea bond yields down
    * For the midday report, please click  urn:newsml:reuters.com:*:nL4N1UC12N

    SEOUL, July 16 (Reuters) - Round-up of South Korean
financial markets:
** South Korea's KOSPI stock index  .KS11  and the Korean won
weakened on Monday after the release of Chinese data showed a
slowdown in the economy. South Korean bond yields also fell.
 
** At 06:31 GMT, the KOSPI was down 8.91 points or 0.39 percent
at 2,301.99.
    
    ** South Korean nitrile rubber exporters tumbled after
China's Ministry of Commerce said it would impose temporary
anti-dumping measures on nitrile rubber from South Korea and
Japan from July 16. Shares of the two companies named in the
case, Kumho Petro Chemical Co Ltd  011780.KS  and LG Chem
 051910.KS , fell as much as 6.6 percent and 2.2 percent,
respectively.  urn:newsml:reuters.com:*:nL4N1UC274

    ** Shares of GS Retail Co Ltd  007070.KS  and BGF Retail Co
Ltd  282330.KS  edged down 10.7 percent and 7.8 percent each
after the country's Minimum Wage Commission said it would raise
minimum wages by 10.9 pct for 2019, which is 8,350 won ($7.40)
an hour.  urn:newsml:reuters.com:*:nL4N1UC05H
 
** The won was quoted at 1,129.2 per dollar on the onshore
settlement platform  KRW=KFTC , 0.5 percent weaker than its
previous close at 1,123.5. 
 
** In offshore trading, the won  KRW=  was quoted at 1,128.31
per U.S. dollar, up 0.06 percent from the previous day, while in
one-year non-deliverable forwards  KRWNDFOR=  it was being asked
at 1,112.25 per dollar. 
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
 .MIAPJ0000PUS  was down 0.50 percent, after U.S. stocks ended
the previous session with mild gains  MKTS/GLOB . Japanese
stocks  .N225  were closed due to national holiday. 
 
** The KOSPI is down around 6.3 percent so far this year, and
down by 4.07 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 293,258,000 shares and, of the total 891 traded
issues, the number of advancing shares was 319.
 
** Foreigners were net sellers of 24,390 million won worth of
shares.
 
** The U.S dollar has risen 5.81 percent against the won this
year. The won's high for the year is 1,053.55 per dollar on
April 2, 2018, and the low is 1,133.98 on July 13, 2018.
 
** In money and debt markets, September futures on three-year
treasury bonds  KTBc1  rose 0.07 points to 108.19.
 
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 2.087 percent, lower than the previous
day's 2.11 percent.

 (Reporting by Joori Roh; Editing by Sunil Nair)
 ((joori.roh@thomsonreuters.com;))