September 30, 2019 / 2:37 AM / 19 days ago

S.Korea stocks recover from early falls

    * KOSPI little changed, foreigners net sellers
    * Korean won weakens versus U.S. dollar
    * South Korea benchmark bond yield rises

    SEOUL, Sept 30 (Reuters) - Round-up of South Korean
financial markets:
** South Korean shares edged higher on Monday, after declining
in early trade on a Reuters' report that the White House was
considering delisting Chinese companies from U.S. stock
exchanges. The won weakened, while the benchmark bond yield
** President Donald Trump's administration is considering
delisting Chinese companies from U.S. stock exchanges, Reuters
reported on Friday quoting three sources briefed on the matter,
sending U.S. stocks down.             
** Nasdaq Inc          is cracking down on initial public
offerings of small Chinese companies by tightening restrictions
and slowing down their approval, according to regulatory
filings, corporate executives and investment bankers.
** South Korean stocks traded lower on the report, although
another media report that the United States does not currently
plan to block Chinese firms from listing offset some of the
worries, said Na Jeong-hwan, an analyst at DS Investment&
** As of 0225 GMT, the Seoul stock market's main KOSPI        
rose 4.78 points, or 0.23%, to 2,054.71, after falling nearly
0.4% in early trade. For the month, the KOSPI was set to gain
** Foreigners were net sellers of 15.6 billion won ($13.01
million) worth of shares on the main board. 
** The won was quoted at 1,201.0 per dollar on the onshore
settlement platform           , 0.09% lower than its previous
close at 1,199.9.
** In offshore trading, the won        was quoted at 1,199.5 per
U.S. dollar, up 0.2% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,198.0 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.10%, after U.S. stocks slid.
           . Japanese stocks         fell 0.44%.
** The KOSPI has risen 0.56% so far this year, and gained 6.4%
in the previous 30 trading sessions.
** The trading volume during the session in the KOSPI index
        was 143.48 million shares and, of the total traded
issues of 889, the number of advancing shares was 214.
** The won has lost 7.1% against the U.S dollar so far this
** In money and debt markets, December futures on three-year
treasury bonds         rose 0.04 point to 110.86, while the
3-month Certificate of Deposit rate was quoted at 1.55%.
** The most liquid 3-year Korean treasury bond yield fell by 0.4
basis point to 1.297%, while the benchmark 10-year yield rose by
0.3 basis point to 1.442%.

($1 = 1,199.1000 won)

 (Reporting by Hayoung Choi; Editing by Subhranshu Sahu)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below