April 24, 2018 / 6:54 AM / a month ago

S.Korean stocks fall on tech sector losses, won hits 4-wk closing low

* KOSPI index drops, foreigners sell

* Korean won falters versus U.S. dollar

* South Korean bond yields also fall

SEOUL, April 24 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index fell to a one-week low on Tuesday. The Korean won weakened to its four-week closing low due to rising U.S. Treasury yields and the Federal Reserve’s faster-than-expected rate hike outlook. ** At 06:30 GMT, the KOSPI closed down 9.97 points or 0.40 percent at 2,464.14. The benchmark index was weighed down by tech shares, after SK Hynix warned of slower growth in smartphone chip sales. Shares of SK Hynix fell 2.7 percent, while Samsung Electronics stock dropped 2.8 percent. The sub-index for electric and electronics shares slipped 2.7 percent. ** The won was quoted at 1,076.8 per dollar on the onshore settlement platform, 0.72 percent weaker than its previous close at 1,069. ** In offshore trading, the won was quoted at 1,076.15 per U.S. dollar, up 0.37 percent from the previous day, while in one-year non-deliverable forwards it fetched 1,060.65 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.08 percent, after U.S. stocks ended the previous session with mild gains. Japanese stocks rose 0.86 percent. ** The KOSPI is up around 0.3 percent so far this year, and up by 0.40 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 519,415,000 shares and, of the total traded issues of 885, the number of advancing shares was 453. ** Foreigners were net sellers of 438,907 million won worth of shares. ** The U.S. dollar has risen 0.92 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 1,098.4 on February 6 2018. ** In money and debt markets, June futures on three-year treasury bonds rose 0.05 points to 107.68. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 2.223 percent, lower than the previous day’s 2.24 percent. (Reporting by Dahee Kim; Editing by Amrutha Gayathri)

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