S.Korean stocks extend falls as China market tumbles; won sags

Lotte

08/10/2018 08:07

* KOSPI index falls for sixth session, foreigners sell
    * Korean won weakens for fifth session vs U.S. dollar
    * South Korea bond yields up
    * For the midday report, please click  urn:newsml:reuters.com:*:nL4N1WO07N

    SEOUL, Oct 8 (Reuters) - Round-up of South Korean financial
markets:
** South Korea's KOSPI stock index  .KS11  fell on Monday,
extending losses into a sixth session, as China stocks tumbled
in their first session of trading after a week-long holiday. The
won weakened for a fifth consecutive session, while bond yields
rose.
 
** At 0630 GMT, the KOSPI closed down 13.69 points, or 0.60
percent, at 2,253.83.
** Shares of Lotte Group companies Lotte Corp  004990.KS  and
Lotte Chemical  011170.KS  rose 2.7 percent and 3.1 percent
respectively, after group Chairman Shin Dong-bin was released
from jail on Friday. He is expected to expedite group
reconstruction.  urn:newsml:reuters.com:*:nL4N1WO02L
** LG Electronics  066570.KS  fell 3.8 percent to its lowest in
14 months after the company's operating profit estimate for the
third quarter came in slightly below analysts' expectations.
 urn:newsml:reuters.com:*:nL4N1WO11J  
     
** The won was quoted at 1,132.7 per dollar on the onshore
settlement platform  KRW=KFTC , 0.2 percent weaker than its
previous close at 1,130.4. 
 
** In offshore trading, the won  KRW=  was quoted at 1,132.82
per U.S. dollar, down 0.15 percent from the previous day, while
in one-year non-deliverable forwards  KRWNDFOR=  it was being
transacted at 1,115.9 per dollar. 
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
 .MIAPJ0000PUS  was down 0.95 percent, after U.S. stocks ended
the previous session with mild losses  MKTS/GLOB . Japanese
markets were closed for the national holiday.
 
** The KOSPI is down around 8.1 percent so far this year, and
down by 0.87 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 209,978,000 shares and, of the total traded issues
of 896, the number of advancing shares was 249.
 
** Foreigners were net sellers of 183,222 million won worth of
shares.
 
** The U.S dollar has risen 6.23 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, December futures on three-year
treasury bonds  KTBc1  fell 0.02 points to 108.1.
 
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 2.094 percent, higher than the previous
day's 2.09 percent.

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