S.Korean stocks tick up as auto shares rise; won edges down

HL Mando

27/11/2018 07:03

* KOSPI index rises, foreigners buy
    * Korean won slides vs U.S. dollar
    * South Korea bond yields down
    * For the midday report, please click  urn:newsml:reuters.com:*:nL4N1Y2042

    SEOUL, Nov 27 (Reuters) - Round-up of South Korean financial
markets:
    ** South Korea's KOSPI stock index  .KS11  rose on Tuesday,
lifted by gains in auto shares, while investors remained
cautious over Trump's fresh remarks on the U.S.-China trade
spat. The Korean won and bond yields fell.
    
    ** South Korea's consumer sentiment dived to a near two-year
low this month while inflation expectations fell to their lowest
since August 2016, a central bank survey showed on Tuesday,
shortly before its policy review to be held on Friday.
 urn:newsml:reuters.com:*:nS6N1X500Y
    
    ** At 06:30 GMT, the KOSPI was up 16.40 points or 0.79
percent at 2,099.42.
    
    ** Although KOSPI was wary over the U.S. President Trump's
remark, it edged up during the day as auto shares led gains,
says Kim Ye-eun, an analyst at IBK Investment & Securities.
    
    ** U.S. President Donald Trump said on Monday, in an
interview to the Wall Street Journal, that he expects to move
ahead with raising tariffs on $200 billion in Chinese imports to
25 percent from 10 percent currently, withdrawing previous
remarks that he may not impose more tariffs on Chinese goods.
 urn:newsml:reuters.com:*:nW1N1X301X
    
    ** Hyundai Motor  005380.KS  and its affiliates leaped over
hopes that the restructuring of U.S. carmaker General Motors Co
 GM.N  could help ease competition in the industry. Hyundai
Motor closed up 6.2 percent, while its affiliate Hyundai Wia
 011210.KS  and its partmaker Mando  204320.KS  also ended 6.5
percent and 8.1 percent higher, respectively.  urn:newsml:reuters.com:*:nL4N1Y21VG
    
    ** The won was quoted at 1,129.4 per dollar on the onshore
settlement platform  KRW=KFTC , 0.04 percent weaker than its
previous close at 1,128.9.
    
    ** In offshore trading, the won  KRW=  was quoted at
1,128.53 per U.S. dollar, up 0.02 percent from the previous day,
while in one-year non-deliverable forwards  KRWNDFOR=  it was
being asked at 1,108.85 per dollar.
    
    ** MSCI's broadest index of Asia-Pacific shares outside
Japan  .MIAPJ0000PUS  was up 0.10 percent, after U.S. stocks
ended the previous session with gains  MKTS/GLOB . Japanese
stocks  .N225  rose 0.64 percent.
    
    ** The KOSPI is down around 15.6 percent so far this year,
and up by 2.89 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 235,145,000 shares and, of the total 895 traded
issues, the number of advancing shares was 501.
    
    ** Foreigners were net buyers of 195,094 million won worth
of shares.
    
    ** The U.S dollar has risen 5.83 percent against the won
this year. The won's high for the year is 1,053.55 per dollar on
April 2 and low is 1,146.26 on Oct. 11.
    
    ** In money and debt markets, December futures on three-year
treasury bonds  KTBc1  rose 0.04 point to 108.92.
    
    ** The Korean 3-month Certificate of Deposit benchmark rate
was quoted at 1.7 percent, while the benchmark 3-year Korean
treasury bond yielded 1.91 percent, lower than the previous
day's 1.91 percent.

 (Reporting by Joori Roh and Yuna Park; Editing by Sunil Nair)
 ((joori.roh@thomsonreuters.com; +82 2 3704 5642; Reuters
Messaging: joori.roh.thomsonreuters.com@reuters.net))