August 29, 2018 / 2:16 AM / 8 months ago

S.Korea stocks inch up, won steady awaiting China tariff deadline

    * KOSPI index edges up, foreigners sell
    * Korean won flat vs U.S. dollar
    * South Korea bond yields up

    SEOUL, Aug 29 (Reuters) - Round-up of South Korean financial
** South Korea's KOSPI stock index         inched higher on
Wednesday as optimism over the U.S.-Mexico trade deal was
quickly replaced by caution just a week ahead of the next
deadline on China tariffs. The Korean won remained steady while
bond yields rose.
    ** While the United States and Mexico agreed on Monday to
overhaul the North American Free Trade Agreement (NAFTA), Canada
rejoined NAFTA talks on Tuesday, under pressure to agree to new
terms on auto trade and dispute settlement rules to remain part
of the three-nation pact.                          
** At 01:56 GMT, the KOSPI was up 1.53 points, or 0.07 percent,
at 2,304.65.
** The won was quoted at 1,109.6 per dollar on the onshore
settlement platform           , 0.04 percent firmer than its
previous close at 1,110. 
** In offshore trading, the won        was quoted at 1,109.9 per
U.S. dollar, down 0.23 percent from the previous day, while in
one-year non-deliverable forwards             it was being
transacted at 1,092.75 per dollar. 
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.07 percent, after U.S. stocks ended the
previous session with mild gains            . Japanese stocks
        rose 0.31 percent. 
** The KOSPI is down around 6.7 percent so far this year, and up
by 0.05 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
106,056,000 shares and, of the total traded issues of 892, the
number of advancing shares was 426.
** Foreigners were net sellers of 13,712 million won worth of
** The U.S dollar has risen 4.08 percent against the won this
year. The won's high for the year is 1,053.55 per dollar on
April 2 and low is 1,140.4 on July 19.
** In money and debt markets, September futures on three-year
treasury bonds         fell 0.04 points to 108.68.
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 1.976 percent, higher than the previous
day's 1.97 percent.

 (Reporting by Joori Roh; Editing by Gopakumar Warrier)
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