August 19, 2019 / 2:13 AM / a month ago

S.Korea stocks rise as stimulus hopes soothe global recession worries

    * KOSPI index rises, foreigners net sellers
    * Korean won strengthens versus U.S. dollar
    * South Korea benchmark bond yield rises

    Seoul, Aug 19 (Reuters) - Round-up of South Korean financial
markets:
    
    ** South Korean shares rose on Monday, as global recession
worries partially eased on hopes of stimulus from Germany and
China, while the benchmark U.S. treasury yields rebounded. The
Korean won strengthened and the benchmark bond yield also rose.
 
    ** As of 0143 GMT, the Seoul stock market's main KOSPI
        rose 10.88 points, or 0.56%, to 1,938.05. 
  
    ** Foreigners were net sellers of 17.8 billion won ($14.71
million) worth of shares on the main board. 
    
    ** China's central bank unveiled a key interest rate reform
on Saturday to help steer borrowing costs lower for companies
and support a slowing economy that has been hurt by a trade war
with the United States.             
    
    ** "But investors may still hold on their active investment
until Jerome Powell's statement at Jackson Hole on Friday to get
a hint on the Federal Reserve's stance on interest rate cuts,"
said Noh Dong-gil, analyst at NH Investment & Securities Co. 
    
    ** The won was quoted at 1,209.8 per dollar on the onshore
settlement platform           , 0.08% higher than its previous
close at 1,210.8.
 
   ** In offshore trading, the won        was quoted at 1,209.4
per U.S. dollar, down 0.2% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,208.2 per dollar.
 
    ** MSCI's broadest index of Asia-Pacific shares outside
Japan                 was up 0.82%, after U.S. stocks rose
           . Japanese stocks         rose 0.55%.
 
    ** The KOSPI has fallen 5.05% so far this year, and lost
8.6% 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 in the KOSPI index
        was 188.74 million shares and, of the total traded
issues of 888, the number of advancing shares was 595.
 
    ** The won has lost 7.8% against the U.S dollar so far this
year.
 
    ** In money and debt markets, September futures on
three-year treasury bonds         fell 0.02 points to 111.44,
while the 3-month Certificate of Deposit rate was quoted at
1.49%.
 
    ** The most liquid 3-year Korean treasury bond yield rose by
0.5 basis points to 1.100%, while the benchmark 10-year yield
rose by 1.8 basis points to 1.190%.


($1 = 1,209.8000 won)

 (Reporting by Yuna Park; Editing by Rashmi Aich)
  
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