January 10, 2019 / 7:08 AM / 3 months ago

S.Korean stocks close lower on expiring options, weak China data

* KOSPI index edges down, foreigners buy

* Korean won gains against USD

* South Korea bond yields down

* For the midday report, please click

SEOUL, Jan 10 (Reuters) - Round-up of South Korean financial markets: South Korea’s KOSPI stock index closed lower on Thursday around the expiration of options contracts, while China’s weak inflation data stoked concerns over economic slowdown amid hopes for a trade deal between the world’s two biggest economies. The Korean won gained, while bond yields fell.

** China’s producer prices in December rose at their slowest pace in more than two years, a worrying sign of deflationary risks that could see Beijing roll out more policy support to help stabilise the economy.

** At 0633 GMT, the KOSPI closed down 1.43 points or 0.07 percent at 2,063.28.

** Investors kept a wait-and-see stance ahead of Federal Reserve Chairman Jerome Powell’s speech tonight, said Seo Sang-young, an analyst at Kiwoom Securities.

** A multi-day rally in risk assets continued overnight after minutes from the Fed’s December meeting showed a range of Fed policymakers said last month they could be patient about future interest rate increases and a few did not support the central bank’s rate increase that month. ** The won was quoted at 1,118.3 per dollar on the onshore settlement platform, 0.34 percent firmer than its previous close at 1,122.1, extending its gain to a second session.

** In offshore trading, the won was quoted at 1,118.61 per U.S. dollar, down 0.13 percent from the previous session, while in one-year non-deliverable forwards it was being asked at 1,102.05 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.18 percent, after U.S. stocks ended the previous session with gains. Japanese stocks weakened 1.29 percent.

** 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 was 375,681,000 shares and, of the total traded issues of 896, the number of advancing shares was 330.

** Foreigners were net buyers of 273,778 million won worth of shares.

** The won’s high for the year is 1,114.7 per dollar on Jan. 2, 2019 and low is 1,130.05 on Jan. 3, 2019.

** In money and debt markets, March futures on three-year treasury bonds rose 0.05 points to 109.28.

** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.86 percent, while the benchmark 3-year Korean treasury bond yielded 1.801 percent, lower than the previous day’s 1.81 percent. (Reporting by Joori Roh, Editing by Sherry Jacob-Phillips)

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