S.Korean stocks rise as China shares rebound; won edges lower

Hyundai Glovis

20/07/2018 08:26

* KOSPI index gains, foreigners sell
    * Korean won slips against U.S. dollar
    * South Korea bond yields down
    * For the midday report, please click  urn:newsml:reuters.com:*:nL4N1UG17S

    SEOUL, July 20 (Reuters) - Round-up of South Korean
financial markets:
** South Korea's KOSPI stock index  .KS11  erased early falls to
close higher on Friday as Chinese shares rebounded, while the
won inched down on escalating trade war worries. South Korea's
bond yields were down.
 
** At 06:33 GMT, the KOSPI was up 6.90 points, or 0.30 percent,
at 2,289.19, snapping a four-session losing streak. For the
week, the benchmark index fell 0.9 percent, its fifth weekly
drop in six.
    
** Automakers climbed after the European Union's trade
commissioner said on Thursday the bloc is preparing a list of
U.S. imports to hit if the United States imposes tariffs on EU
cars. Hyundai Motor  005380.KS  rose 2.4 percent, while
affiliates Hyundai Mobis  012330.KS  and Hyundai Glovis
 086280.KS  gained 2.3 percent and 2.7 percent, respectively.
 urn:newsml:reuters.com:*:nL8N1UF2T0    
 
** The won was quoted at 1,133.7 per dollar on the onshore
settlement platform  KRW=KFTC , 0.04 percent weaker than its
previous close at 1,133.2. The currency fell 0.9 percent on a
weekly basis, marking the biggest weekly drop since June 22.
 
** In offshore trading, the won  KRW=  was quoted at 1,133.6 per
U.S. dollar, up 0.07 percent from the previous day, while in
one-year non-deliverable forwards  KRWNDFOR=  it was being
transacted at 1,117.75 per dollar. 
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
 .MIAPJ0000PUS  was up 0.54 percent, after U.S. stocks ended the
previous session with losses  MKTS/GLOB . Japanese stocks
 .N225  weakened 0.29 percent. 
 
** The KOSPI is down around 7.5 percent so far this year, and
down by 6.99 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 346,880,000 shares and, of the total traded issues
of 892, the number of advancing shares was 350.
 
** Foreigners were net sellers of 121,565 million won worth of
shares.
 
** The U.S dollar has risen 6.3 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 1,140.4 on July 19, 2018.
 
** In money and debt markets, September futures on three-year
treasury bonds  KTBc1  rose 0.06 points to 108.21.
 
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 2.08 percent, lower than the previous
day's 2.09 percent.

 (Reporting by Joori Roh; Editing by Subhranshu Sahu)
 ((joori.roh@thomsonreuters.com;))