S.Korean stocks, won tumble over trade tensions

Hyundai Glovis

02/08/2018 08:10

* KOSPI index falls, foreigners sell
    * Korean won tumbles versus U.S. dollar
    * South Korea bond yields down
    * For the midday report, please click  urn:newsml:reuters.com:*:nL4N1UT1KL

    Aug 2 (Reuters) - Round-up of South Korean financial
markets:
** South Korea's KOSPI stock index  .KS11  and the won weakened
on Thursday, along with Chinese and Japanese markets, over the
latest escalation of trade worries between the United States and
China. Bond yields fell.
 
** At 06:30 GMT, the KOSPI was down 36.87 points or 1.60 percent
at 2,270.20.
    
** Major electronics and steel sector shares ended lower
including tech giant Samsung Electronics  005930.KS , down 2.2
percent, and steel maker Posco  005490.KS  down 3.6 percent.
Auto shares also fell. Hyundai Glovis  086280.KS  and Hyundai
Motor  005380.KS  tumbled 5.4 percent and 2.3 percent,
respectively on concerns about tougher regulatory scrutiny.
 urn:newsml:reuters.com:*:nL4N1UT20E
 
** The won was quoted at 1,126.1 per dollar on the onshore
settlement platform  KRW=KFTC , 0.49 percent weaker than its
previous close at 1,120.6. 
 
** In offshore trading, the won  KRW=  was quoted at 1,125.84
per U.S. dollar, down 0.66 percent from the previous day, while
in one-year non-deliverable forwards  KRWNDFOR=  it was being
transacted at 1,109.1 per dollar. 
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
 .MIAPJ0000PUS  was down 1.48 percent, after U.S. stocks ended
the previous session with mild losses  MKTS/GLOB . Japanese
stocks  .N225  weakened 1.03 percent. 
 
** The KOSPI is down around 6.5 percent so far this year, and
down by 2.40 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 347,908,000 shares and, of the total 896 traded
issues, the number of advancing shares was 254.
 
** Foreigners were net sellers of 48,045 million won worth of
shares.
 
** The U.S dollar has risen 5.58 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 0.03 points to 108.09.
 
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 2.115 percent, lower than the previous
day's 2.13 percent.

 (Reporting by Hayoung Choi; Editing by Sunil Nair)
 ((hayoung.choi@thomsonreuters.com;))