August 20, 2019 / 2:59 AM / a month ago

S.Korea stocks await fresh cues; foreigners net buyers

    * Korean won weakens versus U.S. dollar
    * South Korea benchmark bond yield rises

    Seoul, Aug 20 (Reuters) - Round-up of South Korean financial
markets:
 
    ** South Korean shares rose on Tuesday ahead of Fed Chairman
Jerome Powell's speech and a meeting between foreign ministers
of South Korea and Japan. The won weakened and the benchmark
bond yield rose.
    
    ** As of 0226GMT, the Seoul stock market's main KOSPI
        rose 7.55 points or 0.39% to 1,947.45. 
 
    ** China's additional stimulus plan temporarily helps easing
global recession worries, but investors in South Korean stocks
need be more cautious on China-U.S. trade issue as two countries
are the biggest trade counterparts to South Korea, and also
trade conflict against Japan, said Lee won, analyst at Bookook
Securities.
    
    ** Japan's foreign minister Taro Kono will meet his South
Korean counterpart, Kang Kyung-wha, in Beijing on Wednesday, a
Japanese foreign ministry official said on Monday, amid
deteriorating relations between the two countries.             
    
    ** South Korea may consider easing market restrictions, such
as those on share buy-backs, while tightening short-selling
rules to stabilise local financial markets, Vice Finance
Minister Kim Yong-beom said at a scheduled meeting on Tuesday.
            
    
    ** China's new lending reference rate was set slightly lower
on Tuesday in the first publication of the benchmark since the
central bank announced interest rate reforms.             .
    
    ** Foreigners were net buyers of 15 billion won worth of
shares on the main board. 
 
    ** The won was quoted at 1,211.7 per dollar on the onshore
settlement platform           , 0.06% lower than its previous
close at 1,211.0.
 
    ** In offshore trading, the won        was quoted at 1,211.2
per U.S. dollar, up 0.0% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,210.2 per dollar.
 
    ** MSCI's broadest index of Asia-Pacific shares outside
Japan                 was up 0.22%, after U.S. stocks rose
           . Japanese stocks         rose 0.39%.
 
    ** The KOSPI has fallen 4.59% so far this year, and lost
8.1% 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.
 
    ** Trading volume during the session on the KOSPI index
        was 244.27 million shares and, of the total traded
issues of 892, the number of advancing shares was 502.
 
    ** The won has lost 7.9% against the U.S dollar so far this
year.
 
    ** In money and debt markets, September futures on
three-year treasury bonds         fell 0.01 points to 111.43
 
    ** The most liquid 3-year Korean treasury bond yield rose by
0.6 basis points to 1.099%, while the benchmark 10-year yield
rose by 0.7 basis points to 1.191%.

 (Reporting by Yuna Park; editing by Uttaresh.V)
  
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