June 15, 2018 / 7:17 AM / 5 months ago

S.Korean stocks, won slip as ECB holds off on rate hikes

* KOSPI index slumps, foreigners sell

* Korean won crash against U.S. dollar

* South Korea bond yields down

* For the midday report, please click

SEOUL, June 15 (Reuters) - Round-up of South Korean financial markets:

** South Korea’s KOSPI stock index and the won slipped on Friday after a cautious European Central Bank indicated it won’t raise interest rates for more than a year, increasing the rate divergence with the U.S. Federal Reserve. Bond yields also fell. ** At 0631 GMT, the KOSPI ended down 19.51 points or 0.81 percent at 2,403.97. The benchmark stock index fell 1.9 percent on a weekly basis. ** The won was quoted at 1,097.7 per dollar on the onshore settlement platform, 1.35 percent weaker than its previous close at 1,083.1. For the week, the currency dropped 2 percent against the dollar, marking the biggest weekly loss since March. ** In offshore trading, the won was quoted at 1,097.4 per U.S. dollar, down 0.85 percent from the previous day, while in one-year non-deliverable forwards it was being asked at 1,081.25 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.32 percent, after U.S. stocks ended the previous session with mild gains. Japanese stocks rose 0.5 percent. ** The KOSPI is down around 1.8 percent so far this year, and down by 2.11 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 494,811,000 shares and, of the total traded issues of 886, the number of advancing shares was 393. ** Foreigners were net sellers of 338,948 million won worth of shares. ** The U.S dollar has risen 2.91 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, 2018. ** In money and debt markets, June futures on three-year treasury bonds rose 0.07 points to 107.96. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 2.193 percent, lower than the previous session’s 2.23 percent. (Reporting by Joori Roh, Editing by Sherry Jacob-Phillips)

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