November 28, 2018 / 2:19 AM / a year ago

S.Korea stocks flat ahead of Trump-Xi meeting; won slips

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

    SEOUL, Nov 28 (Reuters) - Round-up of South Korean financial markets:
South Korea's KOSPI stock index         barely budged on Wednesday as investors
took a cautious stance ahead of the G20 summit where U.S. President Donald Trump
and Chinese counterpart Xi Jinping are set for direct talks. The Korean won
weakened, while the bond yields rose.
** At 0213 GMT, the KOSPI was down 2.16 points or 0.10 percent at 2,097.26.
** The persistent trade tensions between the United States and China are likely
to dominate the G20 summit hosted by Argentina on Nov. 30 and Dec. 1 

** Investors have adopted a wait-and-watch attitude ahead of the summit, while
expectations are high that the trade spat between two of the world's largest
economies would ease slightly after the meeting, said Lee Jae-sun, an analyst at
KTB Investment Securities. 
** Asian markets had slipped on Tuesday after U.S. President Donald Trump said
in an interview with the Wall Street Journal it was "highly unlikely" he would
accept China's request to hold off a planned increase in tariffs.              
** The won was quoted at 1,130.7 per dollar on the onshore settlement platform
          , 0.11 percent weaker than its previous close at 1,129.4. 
** In offshore trading, the won        was quoted at 1,130.6 per U.S. dollar,
down 0.1 percent from the previous day, while in one-year non-deliverable
forwards             it was being transacted at 1,110.3 per dollar.  
** MSCI's broadest index of Asia-Pacific shares outside Japan                
was up 0.07 percent, after U.S. stocks ended the previous session with mild
gains            . Japanese stocks         rose 0.82 percent. 
** The KOSPI slipped 14.9 percent so far this year, and rose 2.13 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
98,028,000 shares and, of the total traded issues of 885, the number of
advancing shares was 327.
** Foreigners were net sellers of 64,619 million won worth of shares.
** The U.S dollar rose 6.02 percent against the won this year. The won's high
for the year is 1,053.55 per dollar on April 2, and low is 1,146.26 on Oct. 11.
** In money and debt markets, December futures on three-year treasury bonds
        fell 0.06 points to 108.86.
** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.7
percent, while the benchmark 3-year Korean treasury bond yielded 1.925 percent,
higher than the previous day's 1.91 percent.

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