March 6, 2019 / 7:17 AM / 2 months ago

S.Korean stocks, won slide on N.Korea tensions

* KOSPI index extends fall, foreigners sell

* Korean won hits near 3-week low vs USD

* South Korea bond yields down

* For the midday report, please click

SEOUL, March 6 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares slipped on Wednesday as renewed tensions between North Korea and the United States dampened market sentiment, while investors awaited fresh clues on the progress of U.S.-China trade talks. The won hit a near three-week low, while benchmark bond yields also declined.

** North Korea has restored part of a missile launch site it began to dismantle after pledging to do so in a first summit with U.S. President Donald Trump last year, South Korea’s Yonhap News Agency and two U.S. think tanks reported on Tuesday.

** Trump’s national security adviser, John Bolton, said the United States would look at ramping up sanctions on North Korea if Pyongyang did not scrap its nuclear weapons programme.

** The benchmark KOSPI index closed down 3.63 points, or 0.17 percent, to 2,175.60 points, extending its losses into a fourth session.

** Foreigners were net sellers of 9.7 billion won worth of shares on the main board.

** The won was quoted at 1,128.8 per dollar on the onshore settlement platform, 0.29 percent lower than its previous close at 1,125.5. The currency fell for a fifth straight session, its longest losing streak since October, 2018.

** Local dealers said renewed worries over North Korea and the Chinese yuan’s recent losses weighed on the currency market. The flow of Australian dollars may have been a trigger for the currency moves in emerging markets, reflecting global growth concerns, said one of the dealers.

** The Australian economy expanded just 0.2 percent in the fourth quarter, slower than the 0.3 percent increase economists had forecast in a Reuters poll. The Australian dollar hit a two-month low after its economic data release.

** In offshore trading, the won was quoted at 1,128.9 per U.S. dollar, down 0.4 percent from the previous day, while in one-year non-deliverable forward trading its one-month contract was quoted at 1,127.9 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.14 percent, after U.S. stocks ended the previous session with mild losses. Japanese stocks fell 0.60 percent.

** The KOSPI has risen 6.59 percent so far this year, and rose 3.5 percent in the previous 30 trading sessions.

** 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 320.13 million shares and, of the total traded issues of 895, the number of advancing shares was 366.

** The won has lost 1.2 percent against the U.S dollar this year.

** In money and debt markets, March futures on three-year treasury bonds rose 0.03 points to 109.17, while the 3-month Certificate of Deposit rate was quoted at 1.89 percent.

** The most liquid 3-year Korean treasury bond yield fell by 1.0 basis point to 1.826 percent, while the benchmark 10-year yield fell by 1.4 basis points to 2.016 percent. (Reporting by Joori Roh; Editing by Subhranshu Sahu)

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