October 22, 2018 / 7:06 AM / 10 months ago

S.Korean stocks end higher on China stimulus expectations, won gains

* KOSPI index ends higher, foreigners sell

* Korean won rises versus U.S. dollar

* South Korea bond yields up

* For the midday report, please click

SEOUL, Oct 22 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index climbed on Monday buoyed by a strong Chinese market. The won led gains in Asian currencies, while bond yields rose. ** At 06:31 GMT, the KOSPI was up 5.45 points or 0.25 percent at 2,161.71.

** KOSPI rebounded in the morning as Chinese stocks surged on stimulus expectations, and expanded its upturn in the afternoon, said Noh Dong-kil, an analyst at Shinhan Investment. ** South Korean central bank chief Lee Ju-yeol said he will positively consider a rate hike at the November monetary meeting, unless the real economy shows big troubles. The Bank of Korea left its policy rate steady last week, pressured by fragile economic growth. ** The won was quoted at 1,128.4 per dollar on the onshore settlement platform, 0.33 percent firmer than its previous close at 1,132.1. ** In offshore trading, the won was quoted at 1,128.33 per U.S. dollar, up 0.25 percent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,109.53 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.90 percent, after U.S. stocks ended the previous session with mild losses. Japanese stocks rose 0.37 percent. ** The KOSPI is down around 12.6 percent so far this year, and down by 7.17 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 303,503,000 shares and, of the total 897 traded issues, the number of advancing shares was 379. ** Foreigners were net sellers of 128,707 million won worth of shares. ** The U.S dollar has risen 5.81 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 1,146.26 on Oct. 11. ** In money and debt markets, December futures on three-year treasury bonds fell 0.07 points to 108.48. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.7 percent, while the benchmark 3-year Korean treasury bond yielded 2.008 percent, higher than the previous day’s 1.99 percent.

Reporting by Hayoung Choi, Yuna Park; Editing by Sunil Nair

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