December 4, 2018 / 1:58 AM / 9 months ago

S.Korea stocks drop as investors sell, won slips

    * KOSPI index sags, foreigners sell
    * Korean won weakens versus U.S. dollar
    * South Korea bond yields down

    SEOUL, Dec 4 (Reuters) - Round-up of South Korean financial
** South Korea's KOSPI stock index         declined on Tuesday
as foreigners and local institutions sold shares to book profits
after the rise in previous session. Both the Korean won and bond
yields also fell.
** At 01:49 GMT, the KOSPI was down 10.62 points, or 0.50
percent, at 2,121.31.
** South Korean markets are falling on sell-off over profit
taking, Seo Sang-young, an analyst at Kiwoom Securities, said in
a note. Further, the planned trade talks between the United
States and China are adding burden on markets, he added. 

** Officials from the United States and China are expected to
hold trade talks, as a follow-up to those held at the G20
bilateral summit.             
** The won was quoted at 1,112.6 per dollar on the onshore
settlement platform           , 0.17 percent weaker than its
previous close at 1,110.7. 
** In offshore trading, the won        was quoted at 1,112.32
per U.S. dollar, down 0.34 percent from the previous day, while
in one-year non-deliverable forwards             it was being
transacted at 1,092.85 per dollar. 
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.39 percent, after U.S. stocks ended
the previous session with gains            . Japanese stocks
        weakened 0.42 percent. 
** The KOSPI is down around 13.6 percent so far this year, and
up by 1.38 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 186,203,000 shares and, of the total traded issues
of 886, the number of advancing shares was 328.
** Foreigners were net sellers of 38,654 million won worth of
** The U.S dollar has risen 4.31 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         rose 0.03 points to 108.9.
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.9 percent, while the benchmark 3-year Korean
treasury bond yielded 1.918 percent, lower than the previous
day's 1.93 percent.

 (Reporting by Hayoung Choi; editing by Rashmi Aich)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below