July 10, 2018 / 7:00 AM / a month ago

S.Korean stocks gain; won wobbles on U.S.-China trade concerns

* KOSPI index rises, foreigners buy

* Korean won falls against U.S. dollar

* South Korea bond yields down

* For the midday report, please click

SEOUL, July 10 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index rose while the won currency eased on Tuesday as lingering concerns over a U.S.-China trade war dented investor sentiment. South Korean bond yields fell. ** China’s yuan rebounded against the dollar for a second day on Tuesday, easing market fears over an escalating Sino-U.S. trade dispute. Yet, traders were limiting their bids on the yuan which faced resistance around the 6.6 per dollar mark.

** At 06:30 GMT, the KOSPI was up 8.36 points or 0.37 percent at 2,294.16. ** The won was quoted at 1,116 per dollar on the onshore settlement platform, 0.34 percent weaker than its previous close at 1,112.2. ** In offshore trading, the won was quoted at 1,115.11 per U.S. dollar, down 0.25 percent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,100.05 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.04 percent, after U.S. stocks ended the previous session with gains. Japanese stocks rose 0.66 percent. ** The KOSPI is down around 7.4 percent so far this year, and down by 7.31 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 329,363,000 shares and, of the total traded issues of 886, the number of advancing shares was 611. ** Foreigners were net buyers of 34,394 million won worth of shares. ** The U.S dollar has risen 4.57 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 1,125.17 on June 27 2018. ** In money and debt markets, September futures on three-year treasury bonds rose 0.02 points to 108.15. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 2.093 percent, lower than the previous day’s 2.11 percent. (Reporting by Joori Roh Editing by Jacqueline Wong)

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