S.Korean stocks inch up, bond yields rebound from 10-month low
22/08/2018 03:45
* KOSPI index edges up, foreigners buy
* Korean won weakens versus U.S. dollar
* South Korean bond yields up
Aug 22 (Reuters) - Round-up of South Korean financial
markets:
** South Korea's KOSPI stock index .KS11 edged higher on
Wednesday tracking overnight gains on Wall Street as the S&P 500
index touched an all-time high. Bond yields rebounded from a
10-month low hit on Tuesday, while the Korean won weakened
marginally.
** At 01:19 GMT, the KOSPI was up 4.95 points or 0.22 percent at
2,275.01.
** Shares of STX Corp 011810.KS and affiliates STX Engine
077970.KS and STX Heavy Industries 071970.KS posted
double-digit percentage gains after STX Corp said on Tuesday it
had ended a creditor-led debt restructuring program.
urn:newsml:reuters.com:*:nL3N1VD0YG
** Shares of Samsung Electronics 005930.KS and SK Hynix
000660.KS extended gains from the previous session, adding
about 2 percent and 1.4 percent, respectively, buoyed by robust
chip exports. urn:newsml:reuters.com:*:nS6N1TM02N
** In money and debt markets, September futures on three-year
treasury bonds KTBc1 fell 0.06 points to 108.72.
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 1.95 percent, higher than the previous
day's 1.92 percent.
** On Tuesday, yield of 3-year treasury bond KR3YT=RR hit
lowest since October after an official from the President's
office said the Bank of Korea was in no rush to follow the
United States in dialling back crisis-mode policies.
** The yield of 10-year treasury bond KR10YT=RR hovered around
2.37 percent on Wednesday, the lowest since September 2017.
** The won was quoted at 1,119.6 per dollar on the onshore
settlement platform KRW=KFTC , 0.1 percent weaker than its
previous close at 1,118.4.
** In offshore trading, the won KRW= was quoted at 1,117.9 per
U.S. dollar, down 0.13 percent from the previous day, while in
one-year non-deliverable forwards KRWNDFOR= it was being
transacted at 1,099.8 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
.MIAPJ0000PUS was flat, after U.S. stocks ended the previous
session with gains MKTS/GLOB . Japanese stocks .N225 rose 0.3
percent.
** The KOSPI is down around 8.0 percent so far this year, and
down by 0.69 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 97,187,000 shares and, of the total traded issues of
887, the number of advancing shares was 311.
** Foreigners were net buyers of 78,059 million won worth of
shares.
** The U.S. dollar has risen 4.83 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.
(Reporting by Hayoung Choi; Editing by Amrutha Gayathri)
((hayoung.choi@thomsonreuters.com;))