April 11, 2016 / 6:15 AM / 19 days ago

S.Korean stocks end flat ahead of Fed meeting; won firms

* KOSPI little changed, foreigners net sellers

* Korean won jumps vs U.S. dollar

* South Korea benchmark bond yield rises

* For the midday report, please click

SEOUL, Oct 29 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares erased early gains to end little changed on Tuesday as investors moved to the sidelines ahead of a U.S. Federal Reserve rate decision. The Korean won strengthened and the benchmark bond yield also rose.

** Across the markets, cautious sentiment was dominant, said Lee Young-gon, an analyst at Hana Financial Investment. Investors wanted to get confirmation from the Fed that it would continue further monetary easing, he added.

** The Seoul stock market’s main KOSPI ended down 0.91 points, or 0.04%, at 2,092.69.

** The index opened higher after U.S. President Donald Trump said he expected to sign a significant part of the trade deal with China ahead of schedule.

** The Fed is expected to cut rates for a third time in a row when it concludes its two-day meeting on Wednesday, with investors eying clues on the future path of the central bank’s monetary policy.

** Foreigners were net sellers of 99.7 billion won ($85.71 million) worth of shares on the main board.

** The won was quoted at 1,163.0 per dollar on the onshore settlement platform, 0.66% higher than its previous close at 1,170.7.

** In offshore trading, the won was quoted at 1,163.2 per U.S. dollar, up 0.4% from the previous day, while in non-deliverable forward trading its one-month contract was quoted at 1,162.3 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.25%, after U.S. stocks ended up, with S&P 500 posting highest closing level. Japanese stocks rose 0.47%.

** The KOSPI has risen 2.53% so far this year, and gained 3.0% in the previous 30 trading sessions.

** The trading volume during the session in the KOSPI index was 350.61 million shares and, of the total traded issues of 899, the number of advancing shares was 391.

** The won has lost 4.1% against the dollar so far this year.

** In money and debt markets, December futures on three-year treasury bonds rose 0.09 points to 110.03, while the 3-month Certificate of Deposit rate was quoted at 1.44%.

** The most liquid 3-year Korean treasury bond yield fell by 0.7 basis points to 1.516%, while the benchmark 10-year yield rose by 3.2 basis points to 1.796%.

$1 = 1,163.2000 won Reporting by Hayoung Choi; Editing by Aditya Soni

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