August 12, 2019 / 2:22 AM / 6 days ago

S.Korea stocks rise on bargain-taking, stabilised yuan

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

    SEOUL, Aug 12 (Reuters) - Round-up of South Korean financial
markets:
    
** South Korean shares climbed on early Monday on bargain
hunting after the past week's heavy selling, while China's yuan
took a pause. The Korean won and the benchmark bond yield fell.
 
** As of 0215 GMT, the Seoul stock market's main KOSPI        
rose 7.90 points or 0.41% to 1,945.65. 
 
** China's yuan opened trade at 7.0599 per dollar versus last
close at 7.0615.             
 
** Without fresh downside factors, investors were relieved by
the yuan, which is not weakening sharply, said Park Sang-hyun,
an economist at HI Investment & Securities.
 
** Markets in Japan and Singapore were closed for a holiday.
 
** Foreigners were net buyers of 2.9 billion won ($2.38 million)
worth of shares on the main board.
 
** The won was quoted at 1,216.1 per dollar on the onshore
settlement platform           , 0.46% lower than its previous
close at 1,210.5.
 
** In offshore trading, the won        was quoted at 1,215.7 per
U.S. dollar, down 0.2% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,215.3 per dollar.
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.12%, after U.S. stocks ended down on
Friday            .
 
** The KOSPI has fallen 4.86% so far this year, and lost 9.1% 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 183.22 million shares and, of the total traded
issues of 890, the number of advancing shares was 423.
 
** The won has lost 8.3% against the U.S dollar so far this
year.
 
** In money and debt markets, September futures on three-year
treasury bonds         fell 0.01 point to 111.21, while the
3-month Certificate of Deposit rate was quoted at 1.49%.
 
** The most liquid 3-year Korean treasury bond yield fell by 1.3
basis points to 1.176%, while the benchmark 10-year yield fell
by 0.8 basis point to 1.281%.

 ($1 = 1,216.1000 won)

 (Reporting by Hayoung Choi; Editing by Shounak Dasgupta)
  
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