March 29, 2019 / 7:42 AM / 3 months ago

South Korean stocks end higher on trade talks optimism; won rises

* KOSPI index rises, foreigners net buyers

* Korean won strengthens versus U.S. dollar

* South Korea’s benchmark bond yield rises

* For the midday report, please click

Seoul, March 29 (Reuters) - Round-up of South Korean financial markets:

** South Korea’s KOSPI stock index closed higher on Friday as progress made in trade talks between the United States and China improved investors’ risk appetite. The Korean won and benchmark bond yield also climbed higher. ** The Seoul stock market’s main index ended up by 12.57 points or 0.59 percent to 2,140.67 points. ** For the week, the index lost 2.1 percent, while it fell 2.5 percent on a monthly basis. For the quarter, KOSPI added 4.9 percent.

** In talks with the United States, China made proposals on a range of issues that go further than it has before, including on forced technology transfer, as the two sides work to overcome obstacles to a deal to end their protracted trade war. ** Korean markets were boosted by expectation of Sino-U.S. trade talks and solid Chinese stocks, said Seo Sang-young, an analyst from Kiwoom Securities. Stabilizing U.S. bond yield and trade optimism helped the index turn higher, he added.

** South Korea’s tourism and construction shares exposed to North Korea jumped as South Korean presidential office said President Moon Jae-in will meet U.S. President Donald Trump. ** Foreigners were net buyers of 76.0 billion won worth of shares on the main board.

** The won quoted at 1,135.1 per dollar on the onshore settlement platform, 0.15 percent higher than its previous close at 1,136.8. ** In offshore trading, the won quoted at 1,135.2 per U.S. dollar, down 0.0 percent from the previous day, while in one-year non-deliverable forward trading, its one-month contract quoted at 1,134.2 per dollar.

** MSCI’s broadest index of Asia-Pacific shares outside Japan were up 0.81 percent, after U.S. stocks ended higher. Japanese stocks rose 0.82 percent.

** The KOSPI rose 4.88 percent so far this year, while it fell 3.3 percent in the previous 30 trading sessions.

** The price-to-earnings ratio was 12.10, the dividend yield was 1.28 percent and the market capitalisation was at 1,242.04 trillion won.

** Trading volume during the session was 357.01 million shares and, of the total traded issues of 896, the number of advancing shares was 555.

** The won has lost 1.7 percent against the U.S dollar this year.

** In money and debt markets, June futures on three-year treasury bonds fell 0.06 points to 109.69, while the 3-month Certificate of Deposit rate was quoted at 1.90 percent.

** The most liquid 3-year Korean treasury bond yield rose by 0.3 basis points to 1.682 percent, while the benchmark 10-year yield rose by 1.3 basis points to 1.823 percent. (Reporting by Yuna Park, Hayoung Choi; Editing by Uttaresh.V)

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