April 3, 2018 / 6:57 AM / a year ago

S.Korean stocks cut losses, won posts fresh 3-1/2-yr closing high

* KOSPI index trims early falls despite foreign selling

* Korean won recovers versus U.S. dollar

* South Korea bond yields were down

SEOUL, April 3 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index closed slightly lower on Tuesday, recovering from a more than 1 percent decline in early trade. The Korean won also came off early falls and posted a fresh three-and-a-half-year closing high, while bond yields fell. ** At 06:30 GMT, the KOSPI was down 1.73 points, or 0.07 percent, at 2,442.43. Stock purchases by individual investors and domestic institutions helped the index trim early falls. ** The won was quoted at 1,054.2 per dollar on the onshore settlement platform, 0.23 percent firmer than its previous close of 1,056.6. The currency gained strength as Seoul stocks recovered, marking its fourth consecutive sessions of gains. ** In offshore trading, the won was quoted at 1,054.25 per U.S. dollar, up 0.18 percent from the previous day, while in one-year non-deliverable forwards it was being asked at 1,038.5 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.10 percent, after U.S. stocks ended the previous session with losses. Japanese stocks weakened 0.45 percent. ** The KOSPI is down around 0.9 percent so far this year, and up by 0.92 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 487,473,000 shares, and of the total traded issues of 886, the number of advancing shares was 399. ** Foreigners were net sellers of 96,428 million won worth of shares. ** The U.S dollar has fallen 1.14 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 Feb. 6, 2018. ** In money and debt markets, June futures on three-year treasury bonds rose 0.1 points to 107.8. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 2.195 percent, lower than the previous day’s 2.23 percent. (Reporting by Dahee Kim; Editing by Subhranshu Sahu)

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