March 14, 2019 / 2:23 AM / 2 months ago

S.Korea stocks edge higher as no-deal Brexit priced in

    * KOSPI index inches up, foreigners net sellers
    * Korean won gains versus U.S. dollar
    * South Korea benchmark bond yield up

    SEOUL, March 14 (Reuters) - Round-up of South Korean
financial markets:
   
** South Korea's KOSPI stock index         edged higher on
Thursday as the risk of an expected no-deal Brexit receded after
a late-night vote. The Korean won strengthened against the
dollar and benchmark bond yield also climbed.
     
** As of 0211 GMT, the Seoul stock market's main KOSPI was up
2.34 points or 0.11 percent at 2,150.75 points.    

** British lawmakers on Wednesday rejected leaving the European
Union without a deal in any scenario, in a non-binding vote
which will increase pressure on Prime Minister Theresa May to
rule out a 'no-deal' exit.             
    
** Markets have already predicted there won't be no-deal Brexit,
which didn't give further positive momentum, said Kim Ji-hyung,
an analyst from Hanyang Securities. Now investors are shifting
focus to the first-quarter corporate profits, which is broadly
expected to miss forecasts, Kim added. 
 
** Foreigners were net sellers of 61.2 billion won worth of
shares on the main board. 
    
** The won was quoted at 1,130.9 per dollar on the onshore
settlement platform           , 0.15 percent higher than its
previous close at 1,132.6.
** In offshore trading, the won        was quoted at 1,131.4 per
U.S. dollar, down 0.2 percent from the previous day, while in
one-year non-deliverable forward trading its one-month contract
              was quoted at 1,130.2 per dollar.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.11 percent, after U.S. stocks ended
higher            . Japanese stocks         rose 0.27 percent.
    
** The KOSPI rose 5.26 percent so far this year, and climbed 0.2
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 134.75 million shares and, of the total traded
issues of 896, the number of advancing shares was 515.
    
** The won lost 1.3 percent against the U.S dollar so far this
year.
    
** In money and debt markets, March futures on three-year
treasury bonds         fell 0.01 points to 109.27, while the
3-month Certificate of Deposit rate was quoted at 1.89 percent.
    
** The most liquid 3-year Korean treasury bond yield rose by 0.2
basis points to 1.797 percent, while the benchmark 10-year yield
rose by 0.9 basis points to 1.975 percent.

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