June 4, 2019 / 2:53 AM / 3 months ago

S.Korea stocks edge lower as bleak Q1 GDP weighs

    * KOSPI index falls, foreigners net sellers
    * Korean won weakens versus U.S. dollar
    * South Korea benchmark bond yield falls

    Seoul, June 4 (Reuters) - Round-up of South Korean financial
South Korea's KOSPI stock index         dropped on Tuesday after
data showed the country's economy shrank more than initially
estimated in the first quarter while core inflation slowed to a
near 20-year low in May. The won and benchmark bond yield fell. 
** As of 0221 GMT, the Seoul stock market's main KOSPI was down
2.96 points or 0.14% at 2,064.89 points.

** Foreigners were net sellers of 78 billion won ($65.97
million) worth of shares on the main board. 

** South Korea's gross domestic product contracted by a
seasonally adjusted 0.4% in the January-March period from the
previous quarter, the Bank of Korea's revised data showed, a
notch faster than a 0.3% decline estimated earlier.             
** The data showed that prolonged trade tensions between the
United States and China are actually hurting South Korea's
economy, said Lee Won, analyst, Bookook Securities.
** The won was quoted at 1,183.3 per dollar on the onshore
settlement platform           , 0.10% lower than its previous
close at 1,182.1.
** In offshore trading, the won        was quoted at 1,183.0 per
U.S. dollar, down 0.3% from the previous session, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,182.0 per dollar.

** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.29%, after U.S. stocks were mixed
           . Japanese stocks         fell 0.53%.
** The KOSPI rose 1.17% so far this year, and lost 6.6% 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.
** The trading volume during the session on the KOSPI index
        was 234.83 million shares and, of the total traded
issues of 891, the number of advancing shares was 471.
** The won weakened 5.7% against the U.S dollar so far this
** In money and debt markets, June futures on three-year
treasury bonds         rose 0.05 points to 110.08
** The most liquid 3-year Korean treasury bond yield fell by 1.7
basis points to 1.558%, while the benchmark 10-year yield
dropped by 1.0 basis points to 1.681%.

    ($1 = 1,182.4000 won)

 (Reporting by Yuna Park, Editing by Sherry Jacob-Phillips)
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