S.Korea stocks lifted by airline, utility shares; won flat

Trinity Airways Co

26/11/2018 02:11

* KOSPI index rises, foreigners buy
    * Korean won steady versus U.S. dollar
    * South Korea bond yields up

    SEOUL, Nov 26 (Reuters) - Round-up of South Korean financial
markets:
** South Korea's KOSPI stock index  .KS11  rose on Monday,
driven by chemical and airline stocks which gained on tumbling
oil prices. The won was flat against dollar while bond yields
rose.
 
** At 01:55 GMT, the KOSPI was up 20.69 points or 1.01 percent
at 2,078.17.
    
** Chemical and utility shares which could take advantage of
lower cost price are rising, says Jeong Dai, an analyst at
Meritz Securities, noting the slower inflation pace may dampen
expectations of a Fed rate hike.

** An oil price slump buoyed airline shares including T'Way Air
 091810.KS , Jeju Air  089590.KS  and Asiana Airline
 020560.KS . The chemical sub-index  .KS29  added 1.5 percent.
Korea Electric Power Corporation  015760.KS  shares rose more
than 6 pct.  urn:newsml:reuters.com:*:nL4N1Y103C

** Railway-related firms, Namkwang Engineering & Construction
 001260.KS  and Hyundai Rotem  064350.KS , soared after the
South Korean government secured U.N. sanctions exception for an
inter-Korean railway survey.  urn:newsml:reuters.com:*:nL4N1Y111X    
 
** The won was quoted at 1,130.3 per dollar on the onshore
settlement platform  KRW=KFTC , 0.02 percent firmer than its
previous close at 1,130.5. 
 
** In offshore trading, the won  KRW=  was quoted at 1,130.16
per U.S. dollar, up 0.21 percent from the previous day, while in
one-year non-deliverable forwards  KRWNDFOR=  it was being
transacted at 1,113.6 per dollar. 
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
 .MIAPJ0000PUS  was up 0.37 percent, after U.S. stocks ended the
previous session with mild losses  MKTS/GLOB . Japanese stocks
 .N225  rose 0.57 percent. 
 
** The KOSPI is down around 16.6 percent so far this year, and
down by 4.83 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 91,799,000 shares and, of the total 889 traded
issues, the number of advancing shares was 573.
 
** Foreigners were net buyers of 22,580 million won worth of
shares.
 
** The U.S dollar has risen 5.98 percent against the won this
year. The won's high for the year is 1,053.55 per dollar on
April 2 and the low is 1,146.26 on Oct. 11.
 
** In money and debt markets, December futures on three-year
treasury bonds  KTBc1  fell 0.01 point to 108.87.
 
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.7 percent, while the benchmark 3-year Korean
treasury bond yielded 1.916 percent, higher than the previous
day's 1.91 percent.
    

 (Reporting by Hayoung Choi; Editing by Sunil Nair)
 ((hayoung.choi@thomsonreuters.com;))