April 2, 2018 / 2:15 AM / 10 months ago

S.Korea stocks rise on easing political tensions, won hits 3-1/2-yr high

    * KOSPI index strengthens, foreigners buy 
    * Korean won touches 3-1/2-yr high versus U.S. dollar
    * South Korea bond yields up

    SEOUL, April 2 (Reuters) - Round-up of South Korean
financial markets:
** South Korea's KOSPI stock index         and won gained on
Monday on signs of thawing of relations between the two Korean
nations with North Korean leader Kim Jong Un attending South
Korean K-pop singers perform.             
** At 01:40 GMT, the KOSPI was up 14.53 points, or 0.59 percent,
at 2,460.38. 

** China-exposed shares, especially in the tourism and cosmetics
sectors, largely supported the index as they jumped after
Beijing's special envoy made a visit to South Korea. Lotte Tour
Development             surged nearly 30 pct, Seoul bourse's
daily trading limit, while Hotel Shilla             and
Amorepacific             both rose up to 8.4 percent.
** The won was quoted at 1,057.7 per dollar on the onshore
settlement platform           , 0.55 percent firmer than its
previous close at 1,063.5. The currency hit its highest since
October 2014. Seoul and Washington's currency side deal sparked
demand for the won and continued to give support, said Paik
Seok-hyun, a foreign exchange analyst at Shinhan Bank.
** In offshore trading, the won        was quoted at 1,056.96
per U.S. dollar, up 0.31 percent from the previous day, while in
one-year non-deliverable forwards             it was being asked
at 1,042.7 per dollar.
** The KOSPI is down around 0.9 percent so far this year, and up
by 2.12 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 154,904,000 shares, and of the total traded issues
of 883, the number of advancing shares was 410.
** Foreigners were net buyers of 2,196 million won worth of
** The U.S dollar has fallen 0.88 percent against the won this
year. The won's high for the year is 1,056.67 per dollar on Jan.
14, 2018 and low is 1,098.4 on Feb. 6, 2018.
** In money and debt markets, June futures on three-year
treasury bonds         fell 0.03 points to 107.68.
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 2.239 percent, higher than the previous
day's 2.22 percent.

 (Reporting by Dahee Kim; 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