January 14, 2019 / 2:35 AM / 5 months ago

S.Korea stocks fall ahead of China's Dec trade data; won slides

    * KOSPI index slides, foreigners buy
    * Korean won falls versus U.S. dollar
    * South Korean bond yields up

    SEOUL, Jan 14 (Reuters) - Round-up of South Korean financial
    ** South Korea's KOSPI stock index         weakened on
Monday, as markets awaited China's December trade data amid
hopes of Beijing and Washington finding a solution to their
trade war. The Korean won also fell, while bond yields rose.
    ** China's December trade data on Monday will be a key event
for markets, with export growth expected to slow to 3.0 percent
from 5.4 percent in November.             
    ** China's dollar-denominated exports rose 9.9 percent in
2018, the highest growth since 2011, the General Administration
of Customs said on Monday.             
    ** The world's largest trading nation got off to a strong
start in 2018, but pressure on the economy started to build
later in the year as the United States and China began imposing
tariffs on each other's goods and global demand started to cool.
    ** Policy sources told Reuters in Beijing on Friday that the
government is planning a lower economic growth target of 6-6.5
percent for 2019 after an expected 6.6 percent in 2018, which
would be the slowest expansion since 1990.             
    ** "The current intent is that the Vice Premier Liu He will
most likely come and visit us later in the month and I would
expect the government shutdown would have no impact," U.S.
Treasury Secretary Steven Mnuchin told reporters on Thursday in
Washington. "We will continue with those meetings just as we
sent a delegation to China."             
    ** At 02:12 GMT, the KOSPI was down 10.55 points or 0.51
percent at 2,065.02.
    ** The won was quoted at 1,120.8 per dollar on the onshore
settlement platform           , 0.39 percent weaker than its
previous close at 1,116.4.
    ** In offshore trading, the won        was quoted at
1,120.62 per U.S. dollar, down 0.3 percent from the previous
day, while in one-year non-deliverable forwards             it
was being asked at 1,103.75 per dollar.
    ** MSCI's broadest index of Asia-Pacific shares outside
Japan                 was down 0.61 percent, after U.S. stocks
ended the previous session with mild losses            . The
Japanese stock market         was closed on Monday.
    ** The KOSPI is up around 1.7 percent so far this year, and
up by 1.14 percent in the previous 30 days.
    ** 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 224,092,000 shares and, of the total traded issues
of 895, the number of advancing shares was 384.
    ** Foreigners were net buyers of 34,369 million won worth of
    ** The won's high for the year so far is 1,113.81 per dollar
on Jan. 11 and low is 1,130.05 on Jan. 3.
    **  In money and debt markets, March futures on three-year
treasury bonds         fell 0.01 points to 109.25.

 (Reporting by Joori Roh; Editing by Rashmi Aich)
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