July 13, 2018 / 7:23 AM / 7 months ago

S.Korean stocks, won edge higher as U.S.-China trade worries ease

* KOSPI index rises, foreign investors buy

* Korean won edges up against U.S. dollar

* South Korea bond yields up

* For the midday report, please click

SEOUL, July 13 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index and the Korean won strengthened on Friday as concerns over U.S.-China trade tensions eased. Bond yields also inched up.

** Trump administration slapped import tariffs on $34 billion worth of Chinese goods on July 6, but global stocks staged a relief rally in the absence of a drastic response from China. ** At 06:30 GMT, the KOSPI was up 25.84 points or 1.13 percent at 2,310.90. The benchmark stock index rose 1.7 percent on a weekly basis, marking its biggest weekly percentage gain since March 9. ** The won was quoted at 1,123.5 per dollar on the onshore settlement platform, 0.21 percent firmer than its previous close at 1,125.9. For the week, the currency fell 0.7 percent against U.S. dollar, extending weekly losses into a sixth straight week. ** In offshore trading, the won was quoted at 1,122.62 per U.S. dollar, up 0.09 percent, while in one-year non-deliverable forwards it was trading at 1,107.55 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.60 percent, after U.S. stocks ended the previous session with gains. Japanese stocks rose 1.85 percent. ** The KOSPI is down around 7.4 percent so far this year and is down 7.01 percent in the last 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 286,351,000 shares and of the total traded issues of 892, the number of advancing shares was 574. ** Foreigners were net buyers of 223,767 million won worth of shares, marking the highest figure since June 1. ** The U.S dollar has risen 5.34 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 1,130.1 on July 12 2018. ** In money and debt markets, September futures on three-year treasury bonds fell 0.02 points to 108.13. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent while the benchmark 3-year Korean treasury bond yielded 2.106 percent, higher than the previous day’s 2.09 percent. (Reporting by Joori Roh; Editing by Vyas Mohan)

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