September 19, 2018 / 7:07 AM / 8 months ago

S.Korean stocks end lower amid trade spat; won edges up

* KOSPI index closed lower, foreigners buy

* Korean won gains vs U.S. dollar

* South Korea bond yields up

* For the midday report, please click

SEOUL, Sept 19 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index closed lower on Wednesday as Beijing and Washington plunged deeper into a trade war after U.S. President Donald Trump levied fresh tariffs on China. The currency won closed firmer and bond yields climbed.

** At 0630 GMT, the KOSPI closed 0.52 points lower, or 0.02 percent, at 2,308.46. ** The won was quoted at 1,121.1 per dollar on the onshore settlement platform, 0.19 percent firmer than its previous close at 1,123.2, extending the gains to a second day.

** South and North Korea agreed on Wednesday to “permanently” abolish its key missile facilities in the presence of foreign experts at a joint news conference in Pyongyang. However, the result of the inter-Korean summit barely had any impact on the markets, says Lee Kyung-min, analyst, Daishin Securities. ** In offshore trading, the won was quoted at 1,120.6 per U.S. dollar, up 0.11 percent from the previous session, while in one-year non-deliverable forwards it was being transacted at 1,103.35 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.06 percent, after U.S. stocks ended the previous session with mild gains. Japanese stocks rose 1.08 percent. ** The KOSPI is down around 6.4 percent so far this year, and climbed 0.98 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 341,743,000 shares and, of the total traded issues of 896, the number of advancing shares was 202. ** Foreigners were net buyers of 80,856 million won worth of shares. ** The U.S dollar rose 5.09 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 1,140.4 on July 19, 2018. ** In money and debt markets, December futures on three-year treasury bonds dropped 0.06 points to 108.43. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 1.988 percent, higher than the previous day’s 1.99 percent. (Reporting by Joori Roh, Editing by Sherry Jacob-Phillips)

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