May 18, 2018 / 6:56 AM / 3 months ago

S.Korean stocks, won up; China-U.S. trade talks in focus

* KOSPI index edges up, foreigners sell

* Korean won rises versus U.S. dollar

* South Korea bond yields down

SEOUL, May 18 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index and the Korean won gained on Friday amid caution over developments in trade negotiations between Beijing and Washington. ** At 0632 GMT, the KOSPI was up 12.20 points or 0.50 percent at 2,460.65. For the week, the index shed 0.7 percent. ** The won was quoted at 1,077.6 per dollar on the onshore settlement platform, 0.33 percent firmer than its previous close at 1,081.2. The currency fell 0.8 percent this week, marking biggest weekly losses in three weeks. ** In offshore trading, the won was quoted at 1,076.8 per U.S. dollar, up 0.46 percent from the previous day, while in one-year non-deliverable forwards it was being asked at 1,060.3 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.19 percent, after U.S. stocks ended the previous session with losses. Japanese stocks rose 0.4 percent. ** The KOSPI slipped about 0.8 percent so far this year, and slid 0.25 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 424,422,000 shares, and of the total traded issues of 885, the number of advancing shares was 608. ** Foreigners were net sellers of 41,382 million won worth of shares. ** The U.S dollar has risen 0.98 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 this year. ** In money and debt markets, June futures on three-year treasury bonds rose 0.16 points to 107.75. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 2.228 percent, lower than the previous session’s 2.26 percent. (Reporting by Dahee Kim, Editing by Sherry Jacob-Phillips)

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