August 1, 2018 / 7:22 AM / 2 months ago

S.Korean stocks, won gain ahead of FOMC decision

* KOSPI index gains, foreigners buy

* Korean won edges up vs U.S. dollar

* South Korea bond yields down

* For the midday report, please click

SEOUL, Aug 1 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index and won edged up on Wednesday while investors awaited the outcome of Federal Open Market Committee (FOMC) meeting, despite fears of an escalation in U.S-China tariff war. South Korean bond yields also rose. ** At 06:33 GMT, the KOSPI was up 11.81 points or 0.51 percent at 2,307.07. Shares of cosmetics makers gained ahead of South Korea-China high-level talks in Beijing today. ** The won was quoted at 1,120.6 per dollar on the onshore settlement platform, 0.17 percent weaker than its previous close at 1,118.7. ** In offshore trading, the won was quoted at 1,120.69 per U.S. dollar, down 0.76 percent from the previous day, while in one-year non-deliverable forwards it was being asked at 1,104.08 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.06 percent after U.S. stocks ended the previous session with gains. Japanese stocks rose 0.86 percent. ** The KOSPI is down around 7 percent so far this year, and down by 1.92 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 214,465,000 shares and of the total traded issues of 896, the number of advancing shares was 601. ** Foreigners were net buyers of 174,379 million won worth of shares. ** The U.S dollar has risen 5.09 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 1,140.4 on July 19 2018. ** In money and debt markets, September futures on three-year treasury bonds rose 0.02 points to 108.05. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 2.126 percent, higher than the previous day’s 2.12 percent. (Reporting by Joori Roh; Editing by Vyas Mohan)

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