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
markets:
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
year.
    
** 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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