August 29, 2019 / 1:51 AM / 2 months ago

S.Korea stocks drop as global outlook stirs risk-off sentiment

    * KOSPI index drops, foreigners net sellers
    * Korean won flat versus U.S. dollar
    * South Korea benchmark bond yield falls

    SEOUL, Aug 29 (Reuters) - Round-up of South Korean financial
South Korean shares traded lower on Thursday as investors shied
away from riskier bets amid deepening worries over global
economy. The Korean won was steady against the dollar, while the
benchmark bond yield dropped.
** As of 0147 GMT, the Seoul stock market's main KOSPI        
was down 4.43 points or 0.23% at 1,936.66 points.
** Risk-off mood persists as a drop in bond yields are deepening
that heightened global slowdown concerns, said Han Ji-young, an
analyst at Cape Investment & Securities. 
** Foreigners were net sellers of 12.9 billion won ($10.64
million) worth of shares on the main board. 
** The won was quoted at 1,213.8 per dollar on the onshore
settlement platform           , 0.01% higher than its previous
close at 1,213.9.
** In offshore trading, the won        was quoted at 1,213.5 per
U.S. dollar, down 0.1% from the previous session, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,212.5 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.10%, after U.S. stocks climbed.
Japanese stocks         fell 0.42%.            
** The KOSPI dropped 5.08% so far this year, and lost 7.2% in
the previous 30 trading sessions.
** The current price-to-earnings ratio is 12.10, the dividend
yield is 1.28% and the market capitalisation is 1,242.04
trillion won.
** The trading volume during the session in the KOSPI index
        was 109.20 million shares and, of the total traded
issues of 879, the number of advancing shares was 326.
** The won lost 8.1% against the U.S dollar so far this year.
** In money and debt markets, September futures on three-year
treasury bonds         were unchanged at 111.20, while the
3-month Certificate of Deposit rate was quoted at 1.49%.
** The most liquid 3-year Korean treasury bond yield fell by 2.3
basis points to 1.158%, while the benchmark 10-year yield
dropped by 0.5 basis points to 1.241%.

    ($1 = 1,212.6600 won)    

 (Reporting by Hayoung Choi, Editing by Sherry Jacob-Phillips)
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