March 26, 2018 / 7:07 AM / 8 months ago

S.Korean stocks extend gains, won edges up; steel shares rise

* KOSPI index closes 0.84 pct higher, foreigners sell

* Korean won firms against U.S. dollar

* South Korean bond yields rise

SEOUL, March 26 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index strengthened on Monday. The Korean won and bond yields also rose. ** At 06:30 GMT, the KOSPI closed 20.32 points, or 0.84 percent, higher at 2,437.08. The benchmark index was supported by purchases from individual investors. Market heavyweight Samsung Electronics and SK Hynix were both up 1.1 percent. ** Steel sector also aided the benchmark index as it rose 1.7 percent after the United States exempted South Korea from import tariffs. Posco gained 2 percent, while Dongbu Steel jumped 6.9 percent. ** The won was quoted at 1,081.1 per dollar on the onshore settlement platform, 0.1 percent firmer than its previous close at 1,082.2. ** In offshore trading, the won was quoted at 1,079.61 per U.S. dollar, up 0.3 percent from the previous day, while in one-year non-deliverable forwards it fetched 1,064.7 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.10 percent, after U.S. stocks ended the previous session with losses. Japanese stocks rose 0.72 percent. ** The KOSPI is down around 2.1 percent so far this year, and down by 1.49 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 303,483,000 shares, and of the total traded issues of 888, the number of advancing shares was 553. ** Foreigners were net sellers of 101,397 million won worth of shares. ** The U.S. dollar has risen 1.29 percent against the won this year. The won’s high for the year is 1,056.67 per dollar on January 14 2018 and low is 1,098.4 on February 6 2018. ** In money and debt markets, June futures on three-year treasury bonds fell 0.05 points to 107.6. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 2.242 percent, higher than the previous day’s 2.22 percent. (Reporting by Dahee Kim; Editing by Amrutha Gayathri)

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