May 2, 2018 / 7:00 AM / 5 months ago

S.Korean stocks edge lower, won falls

* KOSPI index weaker, foreigners sell

* Korean won falls versus U.S. dollar

* South Korean bond yields up

SEOUL, May 2 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index slipped on Wednesday. The Korean won fell against the dollar on the local platform as the dollar strengthened across the board, while bond yields rose. ** At 06:30 GMT, the KOSPI closed down 9.77 points or 0.39 percent at 2,505.61.

** Shares in Samsung BioLogics Co Ltd ended down 17.2 percent, losing almost $6 billion in value, after South Korea’s financial watchdog provisionally decided it had breached an accounting rule. ** Hyundai Mobis Co Ltd said on Wednesday it planned to buy back and cancel its treasury shares worth 187.5 billion Korean won. The company’s shares lost 1.8 percent on the day. ** The won was quoted at 1,076.1 per dollar on the onshore settlement platform, 0.75 percent weaker than its previous close at 1,068. ** In offshore trading, the won was quoted at 1,075.31 per U.S. dollar, down 0.26 percent from the previous day, while in one-year non-deliverable forwards it fetched 1,058.6 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.20 percent, after U.S. stocks ended the previous session with mild gains. Japanese stocks weakened 0.16 percent. ** The KOSPI is up around 1.9 percent so far this year, and up by 1.63 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 790,300,000 shares and, of the total traded issues of 878, the number of advancing shares was 497. ** Foreigners were net sellers of 168,522 million won worth of shares. ** The U.S. dollar has risen 0.84 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 0.09 points to 107.64. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 2.245 percent, higher than the previous day’s 2.22 percent. (Reporting by Dahee Kim; Editing by Amrutha Gayathri)

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