S.Korean stocks, won tumble on global growth woes; bond yield hits 2-1/2-yr low

Hyundai Autoever

28/03/2019 07:17

* KOSPI index falls, foreigners sell
    * Korean won drops against U.S. dollar
    * South Korea benchmark bond yield hits 2-1/2 year low
    * For the midday report, please click  urn:newsml:reuters.com:*:nL3N21F088

    SEOUL, March 28 (Reuters) - Round-up of South Korean
financial markets:
    ** South Korea's KOSPI stock index  .KS11  closed down on
Thursday as investors remained cautious over global growth
concerns as well as corporate earnings. The Korean won edged
down, while the benchmark bond yield also fell.
    
    ** Worries that the inversion of the U.S. Treasury curve
signalled a future recession only deepened as 10-year yields
fell to a fresh 15-month low at 2.34 percent  US10YT=RR .
    
    ** The latest lunge lower was led by German bunds where
10-year yields dived deeper into negative territory after
European Central Bank President Mario Draghi said a hike in
interest rates could be further delayed.  urn:newsml:reuters.com:*:nL8N21E1LN
    
    ** Drop in global bond yields also towed the most liquid
3-year Korean treasury bond yield fell by 4.7 basis points to
1.679 percent, while the benchmark 10-year yield fell by 3.5
basis points to 1.810 percent.
        
    ** The Seoul stock market's main KOSPI index ended down
17.52 points, or 0.82 percent, to 2,128.10 points, extending its
losses to a second day.
    
    ** Asiana Airlines'  020560.KS  ended up 2.9 percent after
Chief Executive Park Sam-koo stepped down from the post to take
responsibility for the fiasco over its 2018 financial
statements, its parent Kumho Asiana Group said on Thursday.
Another affiliate Kumho Industrial  002990.KS  closed down 2.1
percent.  urn:newsml:reuters.com:*:nL3N21F1DH
    
    ** Shares of Hyundai AutoEver  307950.KS , an affiliate of
South Korean automaker Hyundai Motor  005380.KS , surged 17.5
percent on market debut. Hyundai Motor owns 28.48 percent shares
in AutoEver, while Chung Eui-sun, executive vice chairman of
Hyundai Motor Group, owns 19.47 percent of shares in AutoEver.
 urn:newsml:reuters.com:*:nL3N21F0A7
    
    ** Foreigners were net sellers of 12.6 billion won worth of
shares on the main board.
    
    ** The won was quoted at 1,136.8 per dollar on the onshore
settlement platform  KRW=KFTC , 0.20 percent lower than its
previous close at 1,134.5.
    
    ** In offshore trading, the won  KRW=  was quoted at 1,135.8
per U.S. dollar, up 0.2 percent from the previous day, while in
one-year non-deliverable forward trading its one-month contract
 KRW1MNDFOR=  was quoted at 1,135.8 per dollar.
    
    ** MSCI's broadest index of Asia-Pacific shares outside
Japan  .MIAPJ0000PUS  was up 0.15 percent, after U.S. stocks
ended the previous session with losses  MKTS/GLOB . Japanese
stocks  .N225  fell 1.61 percent.
    
    ** The KOSPI has risen 4.27 percent so far this year, and
fell 2.0 percent in the previous 30 trading sessions.
    
    ** 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 284.33 million shares and, of the total traded
issues of 895, the number of advancing shares was 186.
    
    ** The won has lost 1.9 percent against the U.S dollar this
year.

 (Reporting by Joori Roh; Editing by Rashmi Aich)
 ((joori.roh@thomsonreuters.com; +82 2 3704 5642; Reuters
Messaging: joori.roh.thomsonreuters.com@reuters.net))