October 5, 2018 / 7:27 AM / 14 days ago

S.Korean stocks fall on rising U.S. Treasury yields; won slips

* KOSPI index falls, foreigners sell

* Korean won slips versus U.S. dollar

* South Korea bond yields up

* For the midday report, please click

SEOUL, Oct 5 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index ended lower on Friday on fears of foreign fund outflows after U.S. Treasury yields surged to a fresh seven-year high and strong U.S. economic data fanned risks of faster-than-expected interest rate hikes. The Korean won edged lower, while bond yields rose.

** The key stock index fell 1 percent in intraday trading before recovering partially on bullish third-quarter profit forecast by Samsung and net purchases by institutional investors, said Noh Dong-kil, an analyst with Shinhan Investment Corp. ** The KOSPI closed 6.97 points, or 0.31 percent, lower at 2,267.52, extending falls into a fifth session. For the week, the benchmark index dropped 3.2 percent. ** The won was quoted at 1,130.4 per dollar on the onshore settlement platform, 0.04 percent weaker than its previous close at 1,129.9. The won extended losses into a fourth session and fell 1.9 percent on a weekly basis. ** In offshore trading, the won was quoted at 1,130 per U.S. dollar, up 0.22 percent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,112.9 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.62 percent, after U.S. stocks ended the previous session with losses. Japanese stocks weakened 0.8 percent. ** The KOSPI is down around 7.8 percent so far this year, and down by 1.22 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 276,748,000 shares and, of the total traded issues of 899, the number of advancing shares was 271. ** Foreigners were net sellers of 329,615 million won worth of shares. ** The U.S dollar has risen 5.97 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 fell 0.07 points to 108.12. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 2.085 percent, higher than the previous day’s 2.07 percent. (Reporting by Joori Roh; Editing by Subhranshu Sahu)

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