October 16, 2018 / 7:31 AM / a month ago

S.Korean stocks steady; won edges up

* KOSPI index unchanged, foreigners sell Korean won rises versus U.S. dollar

* South Korea bond yields down

* For the midday report, please click

SEOUL, Oct 16 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index closed flat on Tuesday as global uncertainties capped gains during the day. The Korean won rose while bond yields fell.

** UK Prime Minister Theresa May said the Brexit deal was still achievable, even as a top EU official said chances of a no-deal divorce had increased; U.S. President Donald Trump sent Secretary of State Mike Pompeo to Saudi Arabia as journalist Jamal Khashoggi’s case threatened to strain relationship between the strategic allies.

** South Korea’s central bank is broadly expected to keep its benchmark rate steady to 1.50 percent at its policy meeting on Thursday but could signal a possible tightening in November, according to a Reuters poll of analysts.

** The KOSPI closed unchanged at 2,145.12.

** While the sharp decline from last Thursday is continuing, the U.S. Treasury rates, which is currently at 3.1 percent, will not likely fall in a short period. Under this situation, China stocks falling ahead of the U.S. report on foreign exchange affected the Kospi index, said Park Sang-hyun, an analyst at Leading Investment & Securities. ** The won was quoted at 1,128 per dollar on the onshore settlement platform, 0.56 percent firmer than its previous close at 1,134.3. ** In offshore trading, the won was quoted at 1,128.1 per U.S. dollar, up 0.24 percent from the previous day, while in one-year non-deliverable forwards it was being asked at 1,110.2 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.07 percent, after U.S. stocks ended the previous session with mild losses. Japanese stocks rose 1.25 percent. ** The KOSPI is down around 13.1 percent so far this year, and down by 6.71 percent in the past 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 215,108,000 shares and, of the total traded issues of 900, the number of advancing shares was 566. ** Foreigners were net sellers of 65,904 million won worth of shares. ** The U.S dollar has risen 5.79 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 1,146.26 on October 11 2018. ** In money and debt markets, December futures on three-year treasury bonds rose 0.05 points to 108.33. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.68 percent, while the benchmark 3-year Korean treasury bond yielded 2.045 percent, lower than the previous day’s 2.05 percent. (Reporting by Joori Roh, Yuna Park; Editing by Gopakumar Warrier)

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