S.Korean stocks dip as U.S.-N.Korea talks delayed; won flat

Monalisa

07/11/2018 06:32

* KOSPI index plunges, foreigners sell
    * Korean won rises versus U.S. dollar
    * South Korea bond yields down
    * For the midday report, please click  urn:newsml:reuters.com:*:nL4N1XI1IZ

    SEOUL, Nov 7 (Reuters) - Round-up of South Korean financial
markets:
** South Korea's KOSPI stock index  .KS11  fell on Wednesday
after top U.S. diplomat Pompeo's meeting with North Koreans was
reportedly postponed. The Korean won edged higher against the
U.S. dollar while bond yields fell.
    
    ** A meeting between U.S. Secretary of State Mike Pompeo and
North Korean officials set for Thursday in New York has been
postponed and will be rescheduled "when our respective schedules
permit," the U.S. State Department said on Wednesday.
 urn:newsml:reuters.com:*:nL2N1XI0CO

    ** While the Democrats won control of the U.S. House of
Representatives, "the impact on Asia markets arising from the US
mid-term elections is not clear cut," Eugene Leow, Rates
Strategist, DBS, said in a note.
    
    ** Oanda Asia-Pacific Head of Trading Stephen Innes in a
report sees a "very muddled outlook for Asia," adding that he
does not expect any significant fireworks in Asia until the
"next escalation or de-escalation of US-China Trade risk."
    
    ** At 06:32 GMT, the KOSPI ended down 10.93 points or 0.52
percent at 2,078.69.
    
    ** Shares of South Korean securities firms jumped during the
day as the country's top financial regulator says it is about
time to consider abolishing the market's securities transaction
tax; Mirae Asset Daewoo  006800.KS  closed up 1.6 percent.
 urn:newsml:reuters.com:*:nL4N1XI19V  urn:newsml:reuters.com:*:nL4N1XH39T
    
    ** South Korean respiratory system protection mask producers
surge as the government issues an ultra-fine dust advisory to
warn of rising pollution; Monalisa Co Ltd  012690.KS  ended up
16.5 percent.  urn:newsml:reuters.com:*:nL4N1XI1NB
    
    ** The won was quoted at 1,123.3 per dollar on the onshore
settlement platform  KRW=KFTC , 0.04 percent firmer than its
previous close at 1,123.8.
    
    ** A South Korean central bank board member said on
Wednesday the won's  KRW=  likely weakening amid the slowing
global economy could push up inflation but called for caution in
dealing with monetary policy.  urn:newsml:reuters.com:*:nS6N1VT02I
    
    ** In offshore trading, the won  KRW=  was quoted at
1,122.57 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 1,104.45 per dollar.
    
    ** MSCI's broadest index of Asia-Pacific shares outside
Japan  .MIAPJ0000PUS  was up 0.21 percent, after U.S. stocks
ended the previous session with gains  MKTS/GLOB . Japanese
stocks  .N225  weakened 0.28 percent.
    
    ** The KOSPI is down around 15.3 percent so far this year,
and down by 9.50 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 471,029,000 shares, and of the total traded issues
of 898, the number of advancing shares was 254.
    
    ** Foreigners were net sellers of 60,194 million won worth
of shares.
    
    ** The U.S dollar has risen 5.27 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 1,146.26 on October 11 2018.
    
    ** In money and debt markets, December futures on three-year
treasury bonds  KTBc1  rose 0.09 points to 108.67.
    
    ** The Korean 3-month Certificate of Deposit benchmark rate
was quoted at 1.7 percent while the benchmark 3-year Korean
treasury bond yielded 1.963 percent, lower than the previous
day's 1.98 percent.

 (Reporting by Joori Roh; Editing by Vyas Mohan)
 ((joori.roh@thomsonreuters.com;))