S.Korean stocks pare losses on Sino-U.S. trade optimism; won inches up

LG Innotek Co

13/11/2018 07:12

* KOSPI index slides, foreigners sell
    * Korean won inches up vs U.S. dollar
    * South Korea bond yields up
    * For the midday report, please click  urn:newsml:reuters.com:*:nL4N1XO19C

    SEOUL, Nov 13 (Reuters) - Round-up of South Korean financial
markets:
    ** South Korea's KOSPI stock index  .KS11  edged down on
Tuesday tracking losses in Apple Inc  AAPL.O , while hopes about
a Sino-U.S. trade agreement helped to pare losses. The won
inched up and bond yields also rose.
    
    ** China's Premier Li Keqiang said on Tuesday at a function
in Singapore that the country hopes to come to an agreement on
its ongoing trade dispute with the United States based on mutual
respect and trust.  urn:newsml:reuters.com:*:nL4N1XO20M
    
    ** The KOSPI closed down 9.21 points or 0.44 percent at
2,071.23.
    
    ** Apple fell on Monday amid sharp declines in shares of its
suppliers such as Lumentum Holdings Inc  LITE.O , and chipmakers
that sell to Apple such as Cirrus Logic Inc  CRUS.O . Apple's
decline hit the tech-heavy Nasdaq, which fell more than 2
percent. urn:newsml:reuters.com:*:nL4N1XN4QW
        
    ** South Korea's electronic parts suppliers to Apple Inc,
such as Samsung Electronics  005930.KS  and SK Hynix  000660.KS 
closed down 1.6 percent and 3.5 percent, respectively, while LG
Innotek  011070.KS  plunged 5.5 percent.  urn:newsml:reuters.com:*:nL4N1XO06T
    
    ** Samsung BioLogics Co Ltd  207940.KS , which plunged on
Monday over fears of a trading suspension or delisting, bounced
back to close up nearly 10 percent, awaiting the financial
regulator's decision.  urn:newsml:reuters.com:*:nL4N1XN00M 
    
    ** The won was quoted at 1,133.3 per dollar on the onshore
settlement platform  KRW=KFTC , 0.05 percent firmer than its
previous close at 1,133.9.
    
    ** In offshore trading, the won  KRW=  was quoted at
1,133.76 per U.S. dollar, up 0.4 percent from the previous day,
while in one-year non-deliverable forwards  KRWNDFOR=  it was
being asked at 1,114.95 per dollar.
    
    ** MSCI's broadest index of Asia-Pacific shares outside
Japan  .MIAPJ0000PUS  was down 0.45 percent, after U.S. stocks
ended the previous session with mild losses  MKTS/GLOB .
Japanese stocks  .N225  weakened 2.06 percent.
    
    ** The KOSPI is down around 15.7 percent so far this year,
and down by 11.67 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 376,813,000 shares and, of the total 895 traded
issues, the number of advancing shares was 341.
    
    ** Foreigners were net sellers of 300,231 million won worth
of shares.
    
    ** The U.S dollar has risen 6.32 percent against the won
this year. The won's high for the year is 1,053.55 per dollar on
April 2 and the low is 1,146.26 on Oct. 11.
    
    ** In money and debt markets, December futures on three-year
treasury bonds  KTBc1  fell 0.01 point to 108.74.
    
    ** The Korean 3-month Certificate of Deposit benchmark rate
was quoted at 1.7 percent, while the benchmark 3-year Korean
treasury bond yielded 1.947 percent, higher than the previous
day's 1.94 percent.

 (Reporting by Joori Roh; Editing by Sunil Nair)
 ((joori.roh@thomsonreuters.com;))