April 17, 2019 / 7:12 AM / 2 months ago

S.Korean stocks snap 13-session winning streak

* KOSPI index edges lower, foreigners net buyers

* Korean won strengthens versus U.S. dollar

* South Korea benchmark bond yield rises

* For the midday report, please click

SEOUL, April 17 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index closed lower on Wednesday to snap a 13-session winning streak as investors shrugged off upbeat data from China. The Korean won saw modest gains, while the benchmark bond yield also climbed. ** The Seoul stock market’s main KOSPI ended down 2.74 points, or 0.12 percent, at 2,245.89 points.

** As market consensus on Korean firms’ profits are being cut sharply, KOSPI lacks internal power to drive its rebound, said Lee Kyoung-min, an analyst from Daishin Securities.

** China’s economy grew at a steady 6.4 percent pace in the first quarter, defying expectations for a further slowdown, as industrial production jumped sharply and consumer demand showed signs of improvement. ** Foreigners were net buyers of 75.6 billion won ($66.61 million) worth of shares on the main board, while local institutions and individuals were net sellers of stocks worth 1.1 billion won and 59.6 billion won, respectively.

** The won was quoted at 1,134.8 per dollar on the onshore settlement platform, 0.08 percent higher than its previous close at 1,135.7.

** In offshore trading, the won was quoted at 1,134.8 per U.S. dollar, up 0.2 percent from the previous day, while in one-year non-deliverable forward trading its one-month contract was quoted at 1,133.7 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.10 percent after U.S. stocks ended higher. Japanese stocks rose 0.25 percent.

** The KOSPI rose 10.04 percent so far this year, and climbed 3.2 percent in the previous 30 trading sessions.

** 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 445.95 million shares and, of the total traded issues of 895, the number of advancing shares was 470.

** The won lost 1.7 percent against the U.S dollar so far this year.

** In money and debt markets, June futures on three-year treasury bonds fell 0.05 points to 109.34, while the 3-month Certificate of Deposit rate was quoted at 1.86 percent.

** The most liquid 3-year Korean treasury bond yield rose by 1.6 basis points to 1.781 percent, while the benchmark 10-year yield rose by 2.2 basis points to 1.954 percent. ($1 = 1,134.9600 won) (Reporting by Hayoung Choi, Editing by Sherry Jacob-Phillips)

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