June 11, 2018 / 7:15 AM / 13 days ago

S.Korean stocks, won gain ahead of Trump-Kim summit

* For the midday report, please click

* KOSPI index up; foreigners buy

* Korean won edges up versus U.S. dollar

* South Korea bond yields up

SEOUL, June 11 (Reuters) - Round-up of South Korean financial markets:

** South Korea’s KOSPI stock index and the won inched up on Monday on expectations of a positive outcome from the U.S.-N.Korea summit scheduled on Tuesday. “We’ve got very interesting meeting in particular tomorrow, and I just think it’s going to work out very nicely,” President Trump said in Singapore, backing the optimistic prospect. ** At 06:32 GMT, the KOSPI was up 18.57 points or 0.76 percent at 2,470.15. Stocks related to inter-Korea projects showed huge gains. Shares of Hyundai Cement rose 29.9 pct while those of Busan Industrial jumped 17.7 pct. ** South Korea’s cryptocurrency exchange-related shares plunged as a ‘cyber intrusion’ into South Korean cryptocurrency exchange Coinrail broke out over the weekend, causing a loss for about 30 percent of the coins traded on the exchange. Bithumb’s stakeholders Vidente and Omnitel both tumbled 4 pct and 3.9 pct, respectively. ** The won was quoted at 1,075.2 per dollar on the onshore settlement platform, 0.07 percent firmer than its previous close at 1,075.9. ** In offshore trading, the won was quoted at 1,074.06 per U.S. dollar, down 0.01 percent from the previous day, while in one-year non-deliverable forwards it was being asked at 1,057.1 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.29 percent, after U.S. stocks ended the previous session with gains. Japanese stocks rose 0.48 percent. ** The KOSPI is down around 0.6 percent so far this year, and up by 0.91 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 was 414,291,000 shares and, of the total traded issues of 884, the number of advancing shares was 543. ** Foreigners were net sellers of 9,820 million won worth of shares. ** The U.S dollar has risen 0.72 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 1,098.4 on February 6 2018. ** In money and debt markets, June futures on three-year treasury bonds fell 0.06 points to 107.88. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 2.229 percent, higher than the previous day’s 2.19 percent. (Reporting by Joori Roh; Editing by Vyas Mohan)

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