April 23, 2018 / 3:17 AM / 10 months ago

S.Korea stocks fall on foreign selling, N.Korea-related shares rally

    * KOSPI index fell, foreigners sell 
    * Korean won fell versus U.S. dollar
    * South Korea bond yields were up

    SEOUL, April 23 (Reuters) - Round-up of South Korean
financial markets:
** South Korea's KOSPI stock index         weakened on Monday on
foreign selling, even as reconciliatory mood with North Korea
boosted shares with exposure to inter-Korea cooperation
projects. The Korean won weakened, while bond yields rose.
** At 0254 GMT, the KOSPI was down 4.51 points or 0.18 percent
at 2,471.82. South Korean shares with exposure to North Korea
surged after Pyongyang said it will suspend nuclear and missile
tests immediately and abolish a nuclear test site.             
** Shares of Shinwon Corp             and Good People
           , which used to operate factories in the Kaesong
industrial region near the demilitarized zone, surged 22 percent
and 5 percent respectively, as of 0255 GMT. 
** The won was quoted at 1,068.5 per dollar on the onshore
settlement platform           , 0.11 percent weaker than its
previous close at 1,067.3. 
** In offshore trading, the won        was quoted at 1,067.57
per U.S. dollar, up 0.24 percent from the previous session,
while in one-year non-deliverable forwards             it was
being transacted at 1,050.95 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.28 percent, after U.S. stocks ended
the previous session with mild losses            . Japanese
stocks         weakened 0.34 percent. 
** The KOSPI is up around 0.4 percent so far this year, and down
by 0.69 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 383,836,000 shares, and of the total traded issues
of 884, the number of advancing shares was 376.
** Foreigners were net sellers of 195,727 million won worth of
** The U.S dollar has risen 0.11 percent against the won this
year. The won's high for the year is 1,053.55 per dollar on
April 2, 2018, and low is 1,098.4 on Feb. 6, 2018.
** In money and debt markets, June futures on three-year
treasury bonds         dropped 0.09 points to 107.69.
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent compared with a previous close of 1.65
percent, while the benchmark 3-year Korean treasury bond yielded
2.223 percent, higher than the previous day's 2.20 percent.

 (Reporting by Cynthia Kim, Editing by Sherry Jacob-Phillips)
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