February 14, 2019 / 2:04 AM / 5 months ago

S.Korea stocks dip, high-level Sino-US trade talks in focus

    * KOSPI index down, foreigners buy
    * Korean won drops versus U.S. dollar
    * South Korea bond yields steady

    SEOUL, Feb 14 (Reuters) - Round-up of South Korean financial
** South Korean shares edged lower on Thursday after three
straight sessions of gains, as investors waited for the outcome
of high-level trade talks between the United States and China.
The Korean won fell, while bond yields were steady.
** At 0154 GMT, the KOSPI stock index         was down 7.31
points, or 0.33 percent, at 2,194.17.
** U.S. Treasury Secretary Steven Mnuchin said he was "looking
forward" to trade talks with China as the two countries began
formal high-level discussions in Beijing.             
** Investors were also waiting for China's January trade data as
anxiety grows over cooling global demand. China's trade engine
likely remained stuck in reverse in January, with imports and
exports expected to fall for the second month in a row,
according to a Reuters poll.             

** Soft U.S. inflation data supported speculation the Federal
Reserve could stay patient on rates and helped lift Wall Street.
** The won was quoted at 1,124.2 per dollar on the onshore
settlement platform           , 0.22 percent weaker than its
previous close at 1,121.7. 
** In offshore trading, the won        was quoted at 1,124.06
per U.S. dollar, up 0.05 percent from the previous day, while in
one-year non-deliverable forwards               it was being
transacted at 1,106.95 per dollar. 
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.17 percent, after U.S. stocks ended
the previous session with mild gains            . Japanese
stocks         rose 0.14 percent. 
** The KOSPI is up around 7.9 percent so far this year, and up
by 8.55 percent in the previous 30 trading sessions.
** 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 207.54 million shares and, of the total traded
issues of 892, the number of advancing shares was 274.
** Foreigners were net buyers of 60.14 billion won worth of
shares on the main board.
** The U.S dollar has risen 1.01 percent against the won this
year. The won's high for the year is 1,108.67 per dollar on Jan.
31 and low is 1,133.4 on Jan. 21.
** In money and debt markets, March futures on three-year
treasury bonds         were flat at 109.27.
** The Korean 3-month Certificate of Deposit rate was quoted at
1.86 percent, while the most liquid 3-year Korean treasury bond
yielded 1.802 percent, barely changed from 1.802 percent last
quoted in the previous session.

 (Reporting by Hayoung Choi; Editing by Subhranshu Sahu)
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