February 22, 2016 / 6:21 AM / 10 days ago

REFILE-S.Korean stocks end higher on stimulus hopes, easing trade war concerns

(Corrects to add the word ‘stocks’ in the headline)

* KOSPI rises for 5th consecutive session, foreigners net buyers

* Korean won little changed versus U.S. dollar

* South Korea benchmark bond yield rises

* For the midday report, please click

SEOUL, Sept 10 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares gained for the fifth straight session on Tuesday, as concerns around Sino-U.S. trade war eased ahead of talks in October, and as hopes of global stimulus gathered momentum. The won was almost flat against the dollar, while the benchmark bond yield rose.

** The KOSPI ended up 12.53 points, or 0.62%, at 2,032.08.

** The trade war between the United States and China has eased, relieving external risks that had put pressures on Korean stocks in July and August, said Kim Yong-koo, an analyst at Hana Financial Investment.

** U.S. Treasury Secretary Steven Mnuchin on Monday said he did not see the threat of a recession as the Trump administration seeks to revive trade negotiations with China, adding that he expected a positive year ahead for the U.S. economy.

** The European Central Bank is all but certain to approve new stimulus measures this week to boost an ailing economy.

** Last week, China’s central bank said it was cutting the amount of cash that banks must hold as reserves for the third time this year, releasing 900 billion yuan ($126.35 billion) in liquidity to shore up the flagging economy.

** The construction sub-index ended 2.8% higher, mainly driven by stocks exposed to North Korea.

** Foreigners were net buyers of 31.3 billion won ($26.23 million) worth of shares on the main board on Tuesday.

** The won was quoted at 1,193.3 per dollar on the onshore settlement platform, 0.03% lower than its previous close at 1,193.0.

** In offshore trading, the won was quoted at 1,192.9 per U.S. dollar, down 0.1% from the previous day, while in non-deliverable forward trading, its one-month contract was quoted at 1,191.8 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.22%, while U.S. stocks were mixed . Japanese stocks rose 0.35%.

** The KOSPI has fallen 0.44% so far this year, and lost 2.3% in the previous 30 trading sessions.

** The current price-to-earnings ratio is 12.10, the dividend yield is 1.28% and the market capitalisation is 1,242.04 trillion won.

** The trading volume during the session in the KOSPI index was 496.30 million shares and, of the total traded issues of 890, the number of advancing shares was 554.

** The won has lost 6.5% against the U.S dollar so far this year.

** In money and debt markets, September futures on three-year treasury bonds fell 0.03 points to 110.87, while the 3-month Certificate of Deposit rate was quoted at 1.54%.

** The most liquid 3-year Korean treasury bond yield rose by 1.7 basis points to 1.251%, while the benchmark 10-year yield rose by 3.0 basis points to 1.382%.

($1 = 1,193.0700 won)

Reporting by Hayoung Choi; editing by Uttaresh.V

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