April 9, 2018 / 7:11 AM / 16 days ago

S.Korean stocks climb as domestic institutions buy, won firms

* KOSPI index ends higher, foreigners sell

* Korean won rises versus U.S. dollar

* South Korean bond yields also climb

SEOUL, April 9 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index rose on Monday on heavy purchases from local institutions. The Korean won firmed on the local platform, while bond yields also rose. ** At 06:30 GMT, the KOSPI closed up 14.50 points or 0.60 percent at 2,444.08. The KOSPI’s gains were mainly driven by biotechnology stocks such as Celltrion up 4.8 percent and Samsung Biologics up over 8 percent. ** The won was quoted at 1,067.1 per dollar on the onshore settlement platform, 0.23 percent firmer than its previous close at 1,069.6. ** In offshore trading, the won was quoted at 1,065.61 per U.S. dollar, up 0.39 percent from the previous day, while in one-year non-deliverable forwards it fetched 1,050.85 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.71 percent, after U.S. stocks ended the previous session with losses. Japanese stocks rose 0.51 percent. ** The KOSPI is down around 1.5 percent so far this year, and up by 0.63 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 330,877,000 shares, and of the total traded issues of 888, the number of advancing shares was 365. ** Foreigners were net sellers of 59,074 million won worth of shares. ** The U.S. dollar has fallen 0.07 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 0.01 points to 107.89. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 2.166 percent, higher than the previous day’s 2.16 percent. (Reporting by Dahee Kim; Editing by Amrutha Gayathri)

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