March 14, 2018 / 6:50 AM / 9 days ago

S.Korean stocks fall, snapping 4-day gaining streak; won hits near 7-wk high

* KOSPI index edges down, foreign investors sell

* Korean won stronger versus U.S. dollar

* South Korea bond yields down

SEOUL, March 14 (Reuters) - Round-up of South Korean financial markets:

** South Korea’s KOSPI stock index nudged down on Wednesday, as profit-taking by foreign and institutional investors weighed. The Korean won gained on the local platform to close at a seven-week high, while bond yields fell. ** At 06:30 GMT, the benchmark index was down 8.41 points or 0.34 percent at 2,486.08. ** The won was quoted at 1,064.6 per dollar on the onshore settlement platform, 0.27 percent firmer than its previous close at 1,067.5. The currency ended trade at its highest closing level since Jan. 26. ** In offshore trading, the won was quoted at 1,063.47 per U.S. dollar, up 0.23 percent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,053.9 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.71 percent, after U.S. stocks ended the previous session lower. Japanese stocks weakened 0.87 percent. ** The KOSPI is up around 1.1 percent so far this year, and has risen 2.64 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 was 357,035,000 shares, and of the total traded issues of 887, the number of advancing shares was 324. ** Foreigners were net sellers of 129,556 million won worth of shares. ** The U.S dollar has fallen 0.27 percent against the won this year. The won’s high for the year is 1,056.67 per dollar on Jan. 14, and low is 1,098.4 on Feb. 6. ** In money and debt markets, March futures on three-year treasury bonds rose 0.1 point to 107.8. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 2.277 percent, lower than the previous day’s 2.30 percent. (Reporting by Dahee Kim; Editing by Biju Dwarakanath)

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