February 13, 2019 / 6:48 AM / 9 days ago

RPT-S.Korean stocks rise on firmer risk appetite; won gains

(Repeats to fix formatting)

* KOSPI index gains for 3rd straight session, foreigners sell

* Korean won climbs versus U.S. dollar

* South Korea bond yields up

* For the midday report, please click

SEOUL, Feb 13 (Reuters) - Round-up of South Korean financial markets:

** South Korea’s KOSPI stock index tacked on for a third straight session on Wednesday as worries over trade conflict and U.S. government shutdown eased, boosting risk appetite. The Korean won and bond yields rose.

** The KOSPI settled 11.01 points higher or 0.50 percent at 2,201.48. ** Chinese President Xi Jinping is scheduled to meet key members of the U.S. trade delegation in Beijing on Friday, South China Morning Post reported on Wednesday, signalling that they are moving closer to an agreement.

** U.S. Treasury Secretary Steven Mnuchin, who is leading trade delegation in China, said on Wednesday he hopes for “productive” trade meetings. ** Local stock markets were upbeat throughout the session after U.S. President Donald Trump said he could see letting the March 1 deadline for reaching a trade agreement with China slide a little. ** Trump added he did not expect another shutdown of the U.S. government.

** The won was quoted at 1,121.7 per dollar on the onshore settlement platform, 0.2 percent firmer than its previous close at 1,123.9.

** In offshore trading, the won was quoted at 1,121.56 per U.S. dollar, down 0.11 percent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,105.95 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.61 percent, after U.S. stocks ended the previous session with gains. Japanese stocks rose 1.34 percent.

** The KOSPI is up around 7.3 percent so far this year, and up by 6.59 percent in the previous 30 trading sessions.

** 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 416.89 million shares and, of the total traded issues of 897, the number of advancing shares was 559.

** Foreigners were net sellers of 8.65 billion won worth of shares on the main board.

** The U.S dollar has risen 0.74 percent against the won this year. The won’s high for the year is 1,108.67 per dollar on Jan. 31 and the low is 1,133.4 on Jan. 21.

** In money and debt markets, March futures on three-year treasury bonds fell 0.03 points to 109.28.

** The Korean 3-month Certificate of Deposit rate was quoted at 1.86 percent, while the most liquid 3-year Korean treasury bond yielded 1.799 percent, higher than 1.797 percent last quoted on the previous session. (Reporting by Hayoung Choi; Editing by Shreejay Sinha)

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