S.Korean stocks end 3-day losing streak; won falls
10/09/2018 08:21
* KOSPI index gains, foreigners buy
* Korean won tumbles vs U.S. dollar
* South Korea bond yields down
* For the midday report, please click urn:newsml:reuters.com:*:nL3N1VW1US
SEOUL, Sept 10 (Reuters) - Round-up of South Korean
financial markets:
** South Korea's KOSPI stock index .KS11 edged higher on
Monday, ending a three-day losing streak. The Korean won sagged
while bond yields also fell.
** At 06:32 GMT, the KOSPI was up 7.09 points or 0.31 percent at
2,288.67, snapping three consecutive sessions of declines.
Despite escalating trade tensions, it seems investors
realistically did not see much possibility of the United States
imposing additional tariffs on China, said Han Ji-young, an
analyst at Cape Investment & Securities.
** 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). 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 producers Okong Corp
045060.KQ and Welcron Co Ltd 065950.KQ surged 30 percent and
20.1 percent, respectively. urn:newsml:reuters.com:*:nL3N1VW06R
** South Korea's construction shares climbed on hopes of higher
housing supplies from the government plan to announce a revised
housing policy by next week at the latest. Hyundai Engineering &
Construction Co Ltd 000720.KS and Daewoo Engineering &
Construction Co Ltd 047040.KS jumped as much as 7.9 percent
and 7.5 percent, respectively. The sub-index for construction
industry .KS44 edged up 6.4 percent. urn:newsml:reuters.com:*:nL3N1VW2GI
** The won was quoted at 1,128.4 per dollar on the onshore
settlement platform KRW=KFTC , 0.5 percent weaker than its
previous close at 1,122.8, marking the fourth loss in five
sessions.
** In offshore trading, the won KRW= was quoted at 1,128.85
per U.S. dollar, down 0.11 percent from the previous day, while
in one-year non-deliverable forwards KRWNDFOR= it was being
transacted at 1,111.3 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
.MIAPJ0000PUS was down 0.92 percent, after U.S. stocks ended
the previous session with mild losses MKTS/GLOB . Japanese
stocks .N225 rose 0.3 percent.
** The KOSPI is down 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 304,913,000 shares and, of the total 897 traded
issues, the number of advancing shares was 473.
** Foreigners were net buyers of 112,154 million won worth of
shares.
** The U.S dollar has risen 5.86 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 remained flat to 108.94.
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 1.917 percent, lower than the previous
day's 1.92 percent.
(Reporting by Joori Roh; Editing by Sunil Nair)
((joori.roh@thomsonreuters.com; +82 2 3704 5642, Reuters
Messaging: joori.roh.thomsonreuters.com@reuters.net))