May 28, 2018 / 6:54 AM / 7 months ago

S.Korean stocks, won gain on N.Korea-U.S. summit hopes

* KOSPI index rises, foreigners sell

* Korean won gains versus U.S. dollar

* South Korea bond yields up

SEOUL, May 28 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index and the won gained on Monday as inter-Korea sentiment improved and on hopes of a summit between North Korea and the U.S., while bond yields rose. ** At 06:33 GMT, the KOSPI was up 18.16 points or 0.74 percent at 2,478.96, led by large-cap construction and steel shares related to potential inter-Korean economic projects. Hyundai Engineering & Construction surged 30 percent, while Hyundai Elevator gained 29 percent. ** The won was quoted at 1,074.2 per dollar on the onshore settlement platform, 0.35 percent firmer than its previous close of 1,078. ** In offshore trading, the won was quoted at 1,073.05 per U.S. dollar, up 0.4 percent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,056.95 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.39 percent, after U.S. stocks ended the previous session with mild losses. Japanese stocks rose 0.13 percent. ** The KOSPI is down around 0.3 percent so far this year, and up by 0.41 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. ** Trading volume during the session on the KOSPI index was 702,198,000 shares and of the total traded 887 issues, the number of advancing shares was 603. ** Foreigners were net sellers of 161,453 million won worth of shares. ** The U.S dollar has risen 0.63 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 February 6, 2018. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent compared with the previous close of 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 2.211 percent, higher than the previous day’s 2.20 percent. (Reporting by Cynthia Kim; Editing by Sunil Nair)

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