S.Korea stocks, won slip on additional U.S. tariff jitters
10/09/2018 03:21
* KOSPI index inches down, foreigners sell
* Korean won slumps against U.S. dollar
* South Korea bond yields up
SEOUL, Sept 10 (Reuters) - Round-up of South Korean
financial markets:
** South Korea's KOSPI stock index .KS11 and the currency won
both weakened on Monday in line with China's blue-chip index
.CSI300 , after U.S. President Donald Trump raised the
possibility of additional tariffs on Chinese imports. South
Korean bond yields rose.
** At 0156 GMT, the KOSPI was down 1.30 points or 0.06 percent
at 2,280.28, extending losses into a fourth straight session.
** Shares of some South Korean companies surge on hopes of
higher demand for their products after the country confirmed a
case of Middle East Respiratory Syndrome (MERS) in three years.
Shares in Gene One Life Science Inc 011000.KS , engaged in the
research, development and manufacture of DNA vaccines for MERS,
skyrocketed nearly 30 percent, while mask producer Okong Corp
045060.KQ and Welcron Co Ltd 065950.KQ surged 30 percent and
19.6 percent, respectively. urn:newsml:reuters.com:*:nL3N1VW06R
** The won was quoted at 1,127.1 per dollar on the onshore
settlement platform KRW=KFTC , 0.38 percent weaker than its
previous close at 1,122.8.
** In offshore trading, the won KRW= was quoted at 1,127.4 per
U.S. dollar, up 0.02 percent from the previous session, while in
one-year non-deliverable forwards KRWNDFOR= it was being
transacted at 1,110.7 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
.MIAPJ0000PUS was down 0.69 percent, after U.S. stocks ended
the previous session with mild losses MKTS/GLOB . Japanese
stocks .N225 weakened 0.01 percent.
** The KOSPI slipped around 7.5 percent so far this year, and
down by 0.33 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 129,707,000 shares and, of the total traded issues
of 895, the number of advancing shares was 397.
** Foreigners were net sellers of 24,060 million won worth of
shares.
** The U.S dollar rose 5.72 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 fell 0.03 points to 108.91.
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 1.924 percent, higher than the previous
session's 1.92 percent.
(Reporting by Joori Roh, Editing by Sherry Jacob-Phillips)
((joori.roh@thomsonreuters.com;))