February 11, 2019 / 7:05 AM / 2 months ago

S.Korean stocks edge higher, Sino-US talks in focus

* KOSPI index inches higher, foreigners sell

* Korean won flat versus U.S. dollar

* South Korea bond yields down

* For the midday report, please click

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

** South Korean shares closed slightly higher on Monday as a new round of trade talks between the world’s top two economies began in Beijing, and ahead of a summit between the United States and North Korea scheduled later this month. The Korean won was steady against the dollar, while bond yields fell. ** The KOSPI stock index closed 3.68 points, or 0.17 percent, higher at 2,180.73.

** A new round of trade talks between the United States and China began in Beijing on Monday after the most recent set of negotiations concluded in Washington last week without a deal and with the top U.S. negotiator declaring that a lot more work needed to be done. ** The won was quoted at 1,124.7 per dollar on the onshore settlement platform, 0.07 percent weaker than its previous close at 1,123.9. ** In offshore trading, the won was quoted at 1,123.41 per U.S. dollar, up 0.01 percent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,108.65 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.15 percent, after U.S. stocks ended the previous session with mild gains. ** The KOSPI is up around 6.7 percent so far this year, and up by 5.68 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 398.63 million shares and, of the total traded issues of 897, the number of advancing shares was 368. ** Foreigners were net sellers of 95.11 billion won worth of shares on the main board. ** The U.S dollar has risen 0.91 percent against the won this year. The won’s high for the year is 1,108.67 per dollar on Jan. 31 and low is 1,133.4 on Jan. 21. ** In money and debt markets, March futures on three-year treasury bonds rose 0.02 points to 109.37. ** The Korean 3-month Certificate of Deposit rate was quoted at 1.86 percent, while the most liquid 3-year Korean treasury bond yielded 1.784 percent, lower than 1.788 percent last quoted on the previous session. (Reporting by Hayoung Choi; Editing by Subhranshu Sahu)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below