December 18, 2018 / 2:05 AM / 7 months ago

S.Korean stocks flat as global growth worries weigh

    * KOSPI index flat, foreigners sell
    * Korean won gains versus U.S. dollar
    * South Korean bond yields up

    SEOUL, Dec 18 (Reuters) - Round-up of South Korean financial
markets:
** South Korea's KOSPI stock index         held steady on
Tuesday, recouping early losses after deepening concerns over
global economic growth sent Wall Street tumbling overnight. The
Korean won and bond yields rose. 
 
** At 01:50 GMT, the KOSPI was up 0.96 points or 0.05 percent at
2,072.05, 

** Overnight, Wall Street's major indexes all slid more than 2
percent, with the benchmark S&P 500 closing at its lowest in 14
months, on concerns about slowing economic growth ahead of a
highly anticipated decision from the Federal Reserve this week
on the course of U.S. interest-rate hikes.     
    
** Just two days before the Federal Reserve is expected to raise
interest rates for a fourth time this year, U.S. President
Donald Trump and his top trade adviser on Monday ratcheted up
their criticism of the central bank's monetary tightening.
            
    
** Investors have bet heavily that the U.S. central bank will
raise rates at the end of its two-day policy meeting on
Wednesday. Many economists also see the Fed increasing rates
next year, although at a slower pace.
 
** The won was quoted at 1,130.6 per dollar on the onshore
settlement platform           , 0.06 percent firmer than  its
previous close at 1,131.3. 
 
** In offshore trading, the won        was quoted at 1,130.8 per
U.S. dollar, down 0.23 percent from the previous day, while in
one-year non-deliverable forwards             it was being
transacted at 1,109.95 per dollar. 
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.20 percent            . Japanese
stocks         weakened 1.45 percent. 
 
** The KOSPI is down around 16.1 percent so far this year, and
down by 0.28 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
114,433,000 shares and, of the total traded issues of 875, the
number of advancing shares was 316.
 
** Foreigners were net sellers of 54,069 million won worth of
shares.
 
** The U.S. dollar has risen 6.04 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 1,146.26 on October 11 2018.
 
** In money and debt markets, December futures on three-year
treasury bonds         fell 0.01 points to 109.15.
 
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.9 percent, while the benchmark 3-year Korean
treasury bond yielded 1.802 percent, higher than the previous
day's 1.80 percent.

 (Reporting by Hayoung Choi; Editing by Amrutha Gayathri)
  
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