May 7, 2019 / 2:29 AM / 2 months ago

S.Korea stocks slip more than a 1 pct on U.S.-China trade tensions

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

    Seoul, May 7 (Reuters) - Round-up of South Korean financial
** South Korea's KOSPI stock index         fell on Tuesday hit
by tensions stemmed from U.S.-China trade stand-off and North
Korea's testing of strike drill. The Korean won weakened and the
benchmark bond yield fell.
** The Seoul stock market's main KOSPI fell 22.39 points, or
1.02 percent, to 2,173.93 points at 0157 GMT.
** Foreigners were net buyers of 144.2 billion won ($123.39
million) worth of shares on the main board. 
** Investors' sentiment was dented due to unexpected testing of
strike drill by North Korea and U.S.-China trade stand-off; need
to monitor development of the two issues, says Kim Young-hwan,
an analyst at KB Securities. 
** South Korean shares exposed to North Korea fall after North
Korea conducted a "strike drill" on Saturday; shares of defence
firms rise.             
** The purpose of the drill was to test performance of
"large-caliber long-range multiple rocket launchers and tactical
guided weapons by defense units," the Korean Central News Agency

** U.S. President Donald Trump on Monday slammed China over its
trade practices, saying the United States was losing billions to
Beijing and vowing to protect American commerce as tension
escalated following his weekend threat to hike tariffs.
** The won was quoted at 1,171.3 per dollar on the onshore
settlement platform           , 0.11 percent lower than its
previous close at 1,170.0.
** In offshore trading, the won        was quoted at 1,169.3 per
U.S. dollar, down 0.1 percent from the previous day, while in
one-year non-deliverable forward trading its one-month contract
              was quoted at 1,167.9 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.38 percent, after U.S. stocks fell
           . Japanese stocks         fell 0.96 percent.
** The KOSPI has risen 6.51 percent so far this year, and rose
0.5 percent in the previous 30 trading sessions.
** 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 211.83 million shares and, of the total traded
issues of 891, the number of advancing shares was 146.
** The won has lost 4.7 percent against the U.S dollar this
** In money and debt markets, June futures on three-year
treasury bonds         rose 0.08 points to 109.53, while the
3-month Certificate of Deposit rate was quoted at 1.84 percent.
** The most liquid 3-year Korean treasury bond yield fell by 2.2
basis points to 1.717 percent, while the benchmark 10-year yield
fell by 3.1 basis points to 1.869 percent.

($1 = 1,168.6900 won)

 (Reporting by Yuna Park; Editing by Rashmi Aich)
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