May 23, 2019 / 2:04 AM / a month ago

S.Korea stocks fall on U.S.-China tech stand-off; won weakens

    * KOSPI index falls, foreigners net buyers
    * Korean won weakens versus U.S. dollar
    * South Korea benchmark bond yield falls

    Seoul, May 23 (Reuters) - Round-up of South Korean financial
markets:
    
** South Korea's KOSPI stock index         fell on Thursday as
U.S. government tightens sanctions on Chinese technology firms,
hurting shares of local firms related to the issue. The Korean
won weakened and the benchmark bond yield fell.
 
** The Seoul stock market's main KOSPI fell 15.96 points, or
0.77%, to 2,048.90.
    
** The U.S. government is lobbying South Korea not to use Huawei
Technologies Co Ltd products, a South Korean newspaper reported
on Thursday, amid a wider push by Washington to get its allies
to reject the Chinese tech firm's goods.             

** LG Uplus shares fall after report US lobbying S.Korea to ban
Huawei.                 
    
** The U.S. administration is considering Huawei-like sanctions
on Chinese video surveillance firm Hikvision, media reports
show, deepening worries that trade friction between the world's
top two economies could be further inflamed.                  
 
** Foreigners were net buyers of 7.8 billion won ($6.54 million)
worth of shares on the main board. 
    
** The won was quoted at 1,193.3 per dollar on the onshore
settlement platform           , 0.04% lower than its previous
close at 1,192.8.
 
** In offshore trading, the won        was quoted at 1,193.8 per
U.S. dollar, down 0.3% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,191.4 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.81%, after U.S. stocks fell
           . Japanese stocks         fell 0.95%.
    
** The KOSPI has risen 0.39% so far this year, and/but 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 199.82 million shares and, of the total traded
issues of 893, the number of advancing shares was 165.
    
** The won has lost 6.5% against the U.S dollar so far this
year.
    
** In money and debt markets, June futures on three-year
treasury bonds         rose 0.06 points to 109.77, while the
3-month Certificate of Deposit rate was quoted at 1.84%.
    
** The most liquid 3-year Korean treasury bond yield fell by 1.4
basis points to 1.654%, while the benchmark 10-year yield fell
by 2.3 basis points to 1.807%.


($1 = 1,192.7500 won)

 (Reporting by Yuna Park; editing by Rashmi Aich)
  
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