March 6, 2019 / 2:26 AM / 6 months ago

S.Korea stocks fall on N.Korea tensions, trade worries; won slides

    * KOSPI index falls, foreigners sell
    * Korean won slides against dollar
    * South Korea bond yields down

    SEOUL, March 6 (Reuters) - Round-up of South Korean
financial markets:
    ** South Korea's KOSPI stock index         edged down on
Wednesday as it tracked mild losses from Wall Street overnight
with a lack of momentum in Sino-U.S. trade deal, while
intensified tensions between North Korea and the United States
hurt investor sentiment. The Korean won slipped, while the
benchmark bond yields also fell.
    ** U.S. President Donald Trump will reject a U.S.-China
trade deal that is not perfect, but the United States would
still keep working on an agreement, U.S. Secretary of State Mike
Pompeo said in a media interview.             
    ** Chinese Commerce Minister said earlier on Tuesday trade
talks have been difficult but the two countries were still
working on negotiations from the annual meeting of China's
    ** Trump's national security adviser, John Bolton, said the
United States would look at ramping up sanctions on North Korea
if Pyongyang did not scrap its nuclear weapons program.
    ** Bolton's comments came after two U.S. think tanks and
South Korea's Yonhap News Agency reported that North Korea had
restored part of a missile launch site it began to dismantle
after pledging to do so in the first summit with Trump last
    ** The benchmark KOSPI index fell 2.99 points or 0.14
percent to 2,176.24, set to extend its losses to a fourth
straight session.
    ** Foreigners were net sellers of 58.4 billion won worth of
shares on the main board.
    ** The won was quoted at 1,126.4 per dollar on the onshore
settlement platform           , 0.08 percent lower than its
previous close at 1,125.5. The currency is set to extend its
losses into a fifth consecutive session.
    ** In offshore trading, the won        was quoted at 1,126.4
per U.S. dollar, down 0.1 percent from the previous day, while
in one-year non-deliverable forward trading its one-month
contract               was quoted at 1,125.4 per dollar.
    ** MSCI's broadest index of Asia-Pacific shares outside
Japan                 was up 0.27 percent            . Japanese
stocks         fell 0.58 percent.
    ** The KOSPI has risen 6.62 percent so far this year, and
gained 3.5 percent in the previous 30 trading sessions.
    ** 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 134.37 million shares and, of the total traded issues of
894, the number of advancing shares was 362.
    ** The won has lost 0.9 percent against the dollar this
    ** In money and debt markets, March futures on three-year
treasury bonds         rose 0.01 points to 109.15, while the
3-month Certificate of Deposit rate was quoted at 1.89 percent.
    ** The most liquid 3-year Korean treasury bond yield fell by
0.2 basis points to 1.834 percent, while the benchmark 10-year
yield fell by 0.7 basis points to 2.023 percent.

 (Reporting by Joori Roh; Editing by Gopakumar Warrier)
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