February 26, 2019 / 6:52 AM / 3 months ago

S.Korean stocks dip ahead of Trump-Kim summit; won gains

* KOSPI index slips, foreigners net buyers

* Korean won climbs versus U.S. dollar

* South Korea benchmark bond yield falls

* For the midday report, please click

SEOUL, Feb 26 (Reuters) - Round-up of South Korean financial markets:

** South Korea’s KOSPI stock index dipped on Tuesday as investors eye the summit between the United States and North Korea. The Korean won strengthened, while the benchmark bond yield fell.

** The Seoul stock market’s main index closed down 5.96 points or 0.27 percent at 2,226.60 points.

** The stock markets are taking breath ahead of the summit between the United States and North Korea, said analysts at Mirae Asset Daewoo.

** U.S. President Donald Trump and North Korean leader Kim Jong Un will hold their second summit in the Vietnamese capital of Hanoi on Feb 27-28.

** Foreigners were net buyers of 20.9 billion won worth of shares on the main board.

** The won was quoted at 1,118.6 per dollar on the onshore settlement platform, 0.21 percent higher than its previous close at 1,121.0.

** In offshore trading, the won was quoted at 1,118.6 per U.S. dollar, down 0.3 percent from the previous day, while in one-year non-deliverable forward trading its one-month contract was quoted at 1,117.7 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.91 percent, after U.S. stocks gained in previous session. Japanese stocks fell 0.37 percent.

** The KOSPI has risen 9.09 percent so far this year, gaining 8.1 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 327.19 million shares and, of the total traded issues of 896, the number of advancing shares was 385.

** The won has lost 0.3 percent against the U.S dollar this year.

** In money and debt markets, March futures on three-year treasury bonds rose 0.03 points to 109.20, while the 3-month Certificate of Deposit rate was quoted at 1.89 percent.

** The most liquid 3-year Korean treasury bond yield fell by 0.2 basis points to 1.817 percent, while the benchmark 10-year yield declined 0.3 basis points to 2.008 percent. (Reporting by Hayoung Choi; Editing by Shreejay Sinha)

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