S.Korean stocks rebound as foreigners turn net buyers; won rises

Kumho Engineering & Construction

26/03/2019 06:50

* KOSPI index rises, foreigners net buyers
    * Korean won inches up versus U.S. dollar
    * South Korea benchmark bond yield rises
    * For the midday report, please click  urn:newsml:reuters.com:*:nL3N21D0JC

    SEOUL, March 26 (Reuters) - Round-up of South Korean
financial markets:
    
** South Korea's KOSPI stock index  .KS11  rose slightly on
Tuesday as foreigners turned net buyers following a sharp
decline in the previous session. The Korean won edged higher
against the dollar and the benchmark bond yield rose.
 
** The Seoul stock market's main KOSPI closed up 3.94 points or
0.18 percent to 2,148.80 points. 
    
** On Monday, South Korean stocks fell the most in nearly 5
months as fears of global economic slowdown spooked investors.
 urn:newsml:reuters.com:*:nZZN2YJI00
    
** Shares of Asiana Airlines  020560.KS  and its biggest
shareholder Kumho Industrial  002990.KS  plunged 15 percent and
25.9 percent, respectively, as the airline revised its accounts
that widened its annual loss.  urn:newsml:reuters.com:*:nL3N21D01H
 
** Foreigners were net buyers of 40.2 billion won ($35.48
million) worth of shares on the main board, while individuals
also bought 154.5 billion won worth of shares. 
    
** The won was quoted at 1,133.4 per dollar on the onshore
settlement platform  KRW=KFTC , 0.07 percent higher than its
previous close at 1,134.2.
 
** In offshore trading, the won  KRW=  was quoted at 1,133.0 per
U.S. dollar, down 0.1 percent from the previous day, while in
one-year non-deliverable forward trading, its one-month contract
 KRW1MNDFOR=  was quoted at 1,131.8 per dollar.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
 .MIAPJ0000PUS  was up 0.08 percent, after U.S. stocks ended
subdued  MKTS/GLOB . Japanese stocks  .N225  rose 2.15 percent.
    
** The KOSPI has risen 5.28 percent so far this year, and fallen
1.5 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 295.61 million shares and, of the total traded
issues of 895, the number of advancing shares was 556.
    
** The won has lost 1.6 percent against the U.S dollar this
year.
    
** In money and debt markets, June futures on three-year
treasury bonds  KTBc1  rose 0.04 points to 109.46, while the
3-month Certificate of Deposit rate was quoted at 1.90 percent.
    
** The most liquid 3-year Korean treasury bond yield fell 0.4
basis points to 1.764 percent, while the benchmark 10-year yield
rose 1.9 basis points to 1.905 percent.

($1 = 1,132.9600 won)

 (Reporting by Hayoung Choi; Editing by Shreejay Sinha)
 ((hayoung.choi@thomsonreuters.com; +82 2 3704 5643; Reuters
Messaging: hayoung.choi.thomsonreuters.com@reuters.net))