January 2, 2019 / 2:10 AM / 6 months ago

S.Korea stocks fall on first trading day of 2019, won drops

    * KOSPI index declines 
    * Korean won weakens versus U.S. dollar
    * South Korea bond yields up

    SEOUL, Jan 2 (Reuters) - Round-up of South Korean financial
** South Korea's KOSPI stock index         declined on
Wednesday, resuming trade after a two-day holiday, as an
institutional sell-off capped earlier gains. The won fell while
bond yields rose.
** At 01:55 GMT, the KOSPI was down 7.21 points or 0.35 percent
at 2,033.83.
** Stocks exposed to North Korea gained after North Korean
leader Kim Jong Un's New Year address where he said he was
willing to restart the Kaesong Industrial Complex without any
** Hyundai Motor             and Kia Motors             fell 1.3
percent and 2 percent respectively, as the automakers flagged
slow sales growth in 2018.             

** South Korea's central bank chief Lee Ju-yeol indicated the
bank is likely to cut its inflation forecast from an earlier
projected 1.7 percent.             
** The won was quoted at 1,117.4 per dollar on the onshore
settlement platform           , 0.15 percent weaker than its
previous close at 1,115.7. 
** In offshore trading, the won        was quoted at 1,117.37
per U.S. dollar, down 0.5 percent from the previous day, while
in one-year non-deliverable forwards             it was being
transacted at 1,098.1 per dollar. 
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.02 percent, after U.S. stocks ended the
previous session with mild gains            . The Japanese
market         is closed Wednesday and Thursday. 
** The KOSPI is down around 17.3 percent so far this year, and
down by 2.25 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 79,844,000 shares and, of the total 875 traded
issues, the number of advancing shares was 495.
** Foreigners were net buyers of 29,599 million won worth of
** The U.S dollar has risen 4.78 percent against the won this
year. The won's high for the year is 1,114.7 per dollar on Jan 2
and the low is 1,117.57 on Jan 2.
** In money and debt markets, March futures on three-year
treasury bonds         rose 0.05 point to 109.26.
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.93 percent, while the benchmark 3-year Korean
treasury bond yielded 1.819 percent, higher than the previous
day's 1.82 percent.

 (Reporting by Hayoung Choi; Editing by Sunil Nair)
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