S.Korea stocks, won gain on revived N.Korea-US summit hopes
28/05/2018 03:19
* KOSPI index rises, foreigners sell
* Korean won rises versus U.S. dollar
* South Korea bond yields steady
SEOUL, May 28 (Reuters) - Round-up of South Korean financial
markets:
** South Korea's KOSPI stock index .KS11 and the won =KRW
rose on Monday after U.S. President Donald Trump said on Sunday
a U.S. team had arrived in North Korea to prepare for a proposed
summit between him and North Korean leader Kim Jong Un. Bond
yields were unchanged.
** At 02:05 GMT, the KOSPI was up 16.38 points, or 0.67 percent,
at 2,477.18. Construction and railway shares surged, including
Hyundai Engineering & Construction 000720.KS which jumped 28
percent and Halla Corp's 014790.KS 29 percent increase.
** The won was quoted at 1,074 per dollar on the onshore
settlement platform KRW=KFTC , 0.37 percent firmer than its
previous close at 1,078.
** In offshore trading, the won KRW= was quoted at 1,073.46
per U.S. dollar, up 0.36 percent from the previous day, while in
one-year non-deliverable forwards KRWNDFOR= it was being
transacted at 1,057.65 per dollar.
** ** MSCI's broadest index of Asia-Pacific shares outside Japan
.MIAPJ0000PUS was up 0.09 percent, after U.S. stocks ended the
previous session with mild losses MKTS/GLOB . Japanese stocks
.N225 weakened 0.04 percent.
** The KOSPI is down around 0.3 percent so far this year, and up
by 0.41 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 366,912,000 shares and, of the total traded issues
of 884, the number of advancing shares was 571.
** Foreigners were net sellers of 95,733 million won worth of
shares.
** The U.S dollar has risen 0.66 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 Feb. 6, 2018.
** In money and debt markets, June futures on three-year
treasury bonds KTBc1 rose 0.04 points to107.87.
(Reporting by Cynthia Kim; Editing by Subhranshu Sahu)
((Cynthia.Kim@thomsonreuters.com; 822 3704 5655; Reuters
Messaging: cynthia.kim.thomsonreuters.com@reuters.net))