August 3, 2018 / 7:06 AM / 3 months ago

S.Korean stocks edge up, won weak as Sino-U.S. trade dispute continues

* KOSPI index edges up, foreigners buy

* Korean won declines versus U.S. dollar

* South Korea bond yields down

* For the midday report, please click

Aug 3 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index inched up on Friday, following a tech-led rise on Wall Street but the gains were capped by an ongoing trade row between the United States and China. The won closed lower against the dollar, and bond yields dipped. ** At 06:30 GMT, the KOSPI was up 17.48 points or 0.77 percent at 2,287.68, rebounding from the previous day’s slide in the aftermath of renewed trade tensions. ** LG Chem, South Korea’s biggest chemical producer, rose as much as 3.9 percent, leading the 1.82 percent increase in the sub-index for chemicals. ** The won was quoted at 1,127.6 per dollar on the onshore settlement platform, 0.13 percent weaker than its previous close at 1,126.1. ** In offshore trading, the won was quoted at 1,127.62 per U.S. dollar, down 0.04 percent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,110.55 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.04 percent, after U.S. stocks ended the previous session with mild gains. Japanese stocks rose 0.06 percent. ** The KOSPI is down around 8.0 percent so far this year, and down by 2.89 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 265,613,000 shares and, of the total 893 traded issues, the number of advancing shares was 639. ** Foreigners were net buyers of 94,157 million won worth of shares. ** The U.S dollar has risen 5.74 percent against the won this year. The won’s high for the year is 1,053.55 per dollar on April 2 and the low is 1,140.4 on July 19. ** In money and debt markets, September futures on three-year treasury bonds rose 0.02 points to 108.11. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 2.11 percent, lower than the previous day’s 2.12 percent. (Reporting by Hayoung Choi; Editing by Sunil Nair)

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