S.Korean stocks, won tumble on trade anxiety
06/09/2018 08:18
* KOSPI index falls, foreigners sell
* Korean won edges down against U.S. dollar
* South Korea bond yields down
* For the midday report, please click urn:newsml:reuters.com:*:nL3N1VS1HO
SEOUL, Sept 6 (Reuters) - Round-up of South Korean financial
markets:
** South Korea's KOSPI stock index .KS11 and the won fell on
Thursday as turmoil in emerging markets and jitters over a
potentially severe escalation in the U.S.-China trade war
weighed on investor sentiment.
** The KOSPI stock index closed 4.15 points, or 0.18
percent, lower at 2,287.62.
** Shares of Hyundai Motor Group companies rose for a second
straight session on higher sales. Hyundai Motor Co 005380.KS
edged up 3.9 percent, while affiliate Kia Motors 000270.KS
climbed 4.5 percent. Hyundai Glovis 086280.KS , the group's
logistics unit, and Hyundai Mobis 012330.KS , the auto parts
subsidiary, jumped 6.3 percent and 2.2 percent, respectively.
urn:newsml:reuters.com:*:nL3N1VS291
** South Korean shares exposed to cryptocurrency tumbled
after Goldman Sachs Group Inc GS.N reportedly ditched plans to
open a desk for trading it as the regulatory framework for the
asset remained unclear. While bitcoin BTC=BTSP traded down
nearly 4.1 percent, extending its 9.3 percent loss from the
previous session, South Korea's cryptocurrency exchange
Bithumb's stakeholders Vidente Co Ltd 121800.KQ and Omnitel
Inc 057680.KQ dropped 7.1 percent and 5.5 percent,
respectively. urn:newsml:reuters.com:*:nL3N1VS2UC
** The won was quoted at 1,124 per dollar on the onshore
settlement platform KRW=KFTC , 0.22 percent weaker than its
previous close at 1,121.5.
** In offshore trading, the won KRW= was quoted at
1,123.49 per U.S. dollar, down 0.42 percent from the previous
day, while in one-year non-deliverable forwards KRWNDFOR= it
was being transacted at 1,106.3 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside
Japan .MIAPJ0000PUS was down 0.85 percent, after U.S. stocks
ended the previous session with mild losses MKTS/GLOB .
Japanese stocks .N225 weakened 0.41 percent.
** The KOSPI is down around 7.1 percent so far this year,
and up by 0.51 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 381,006,000 shares and, of the total traded issues
of 895, the number of advancing shares was 316.
** Foreigners were net sellers of 267,354 million won worth
of shares.
** The U.S dollar has risen 5.36 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 rose 0.02 points to 108.99.
** The Korean 3-month Certificate of Deposit benchmark rate
was quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 1.898 percent, lower than the previous
day's 1.90 percent.
(Reporting by Joori Roh; Editing by Subhranshu Sahu)
((joori.roh@thomsonreuters.com;))