September 16, 2019 / 2:39 AM / 2 months ago

S.Korea stocks inch higher on refiners, shipbuilders

    * KOSPI rises modestly, foreigners net sellers
    * Korean won strengthens versus U.S. dollar
    * South Korea benchmark bond yield rises

    SEOUL, Sept 16 (Reuters) - Round-up of South Korean
financial markets:
** South Korean shares edged higher on Monday, driven by
refineries and shipbuilders as oil prices surged, while worries
over the chip industry capped gains. The won and the benchmark
bond yield rose.
** As of 0232 GMT, the Seoul stock market's main KOSPI        
rose 6.70 points, or 0.33%, to 2,055.90, extending gains into a
seventh session. Local markets were closed on Thursday and
Friday for holidays. 
** Investor sentiment was also boosted by the European Central
Bank's stimulus pledge. ECB chief Mario Draghi pledged
indefinite stimulus on Thursday to revive an ailing euro zone
economy, tying the hands of his successor for years to come and
sparking an immediate conflict with U.S. President Donald Trump.
** The KOSPI will be able to rise further when investor
confidence recovers over the memory chip industry and corporate
earnings, said Ha In-hwan, an analyst at Meritz Securities. The
impact from attacks on Saudi Arabia's crude facilities is
expected to be short-term, he added. 
** Shares of South Korean refineries and shipbuilders rallied as
oil prices surged to six-month highs on fears over supply
disruptions following the attack on Saudi Arabia's oil
facilities on Saturday. 
** SK Innovation             and S-Oil             rose 3.6% and
2.8%, respectively, while Korea Shipbuilding & Offshore
Engineering             gained 2%.             
** Foreigners were net sellers of 135.2 billion won ($114.27
million) worth of shares on the main board. 
** The won was quoted at 1,182.9 per dollar on the onshore
settlement platform           , 0.68% higher than its previous
close at 1,191.0.
** In offshore trading, the won        was quoted at 1,183.5 per
U.S. dollar, down 0.4% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,181.5 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.39%, after U.S. stocks closed mixed
on Friday.            
** The KOSPI has risen 0.70% so far this year, and gained 0.5%
in the previous 30 trading sessions.
** The trading volume during the session in the KOSPI index
        was 222.19 million shares and, of the total traded
issues of 890, the number of advancing shares was 609.
** The won has lost 5.7% against the U.S dollar so far this
** In money and debt markets, September futures on three-year
treasury bonds         fell 0.14 points to 110.66, while the
3-month Certificate of Deposit rate was quoted at 1.54%.
** The most liquid 3-year Korean treasury bond yield rose by 4.8
basis points to 1.306%, while the benchmark 10-year yield rose
by 6.8 basis points to 1.464%.    

($1 = 1,183.2000 won)

 (Reporting by Hayoung Choi; Editing by Subhranshu Sahu)
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