May 17, 2018 / 7:10 AM / 8 days ago

S.Korean stocks, won edge down on foreign selling, N.Korea-U.S. summit doubts

* KOSPI index fell, foreigners sell

* Korean won fell versus U.S. dollar

* South Korea bond yields were down

SEOUL, May 17 (Reuters) - Round-up of South Korean financial markets:

** South Korea’s KOSPI stock index and currency weakened on Thursday on foreign selling after the government said it will disclose details of market-intervening actions taken by currency authorities. Lingering doubts about a summit between the United States and North Korea also weighed on sentiment. Local bond yields dropped. ** At 0634 GMT, the KOSPI was down 11.37 points or 0.46 percent at 2,448.45. Samsung Biologics fell 3.9 percent on alleged accounting fraud, while Samsung Electronics declined 1 percent. ** The won was quoted at 1,081.2 per dollar on the onshore settlement platform, 0.33 percent weaker than its previous close at 1,077.6. ** In offshore trading, the won was quoted at 1,080.23 per U.S. dollar, down 0.29 percent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,063.7 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.19 percent, after U.S. stocks ended the previous session with mild gains. Japanese stocks rose 0.53 percent. ** The KOSPI slipped around 0.3 percent so far this year, and climbed 0.64 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 on the KOSPI index was 588,984,000 shares, and of the total traded issues of 886, the number of advancing shares was 450. ** Foreigners were net sellers of 270,449 million won worth of shares. ** The U.S dollar has risen 1.3 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 Feb. 6 this year. ** In money and debt markets, June futures on three-year treasury bonds rose 0.06 points to107.61. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent compared with a previous close of 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 2.264 percent, lower than the previous day’s 2.29 percent. (Reporting by Cynthia Kim, Editing by Sherry Jacob-Phillips)

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