August 16, 2019 / 2:28 AM / 2 months ago

S.Korea stocks slip on global recession worries

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

    SEOUL, Aug 16 (Reuters) - Round-up of South Korean financial
** South Korean shares dropped on Friday on global slowdown
worries, fuelled by a plunge in U.S. 30-year Treasury yields.
The Korean won and the benchmark bond yield also fell.
** U.S. 30-year Treasury yields fell to a record low below 2%
and benchmark 10-year notes dropped to a three-year trough on
Thursday amid persistent worries about global trade tensions and
economic slowdown.             
** South Korean stocks' drop has been limited since bargain
hunting has emerged on expectations of global central banks'
stimulus measures, said Seo Sang-young, an analyst at Kiwoom
** As of 0222 GMT, the Seoul stock market's main KOSPI        
fell 14.89 points, or 0.79%, to 1,923.48. For the week, the
KOSPI is set to lose 0.86%.
** Foreigners were net sellers of 53.1 billion won ($43.71
million) worth of shares on the main board. 
** The won was quoted at 1,215.1 per dollar on the onshore
settlement platform           , 0.20% lower than its previous
close at 1,212.7.
** In offshore trading, the won        was quoted at 1,214.5 per
U.S. dollar, down 0.2% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,213.5 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.10%, after U.S. stocks were mixed
           . Japanese stocks         fell 0.07%.
** The KOSPI has fallen 5.87% so far this year, and lost 7.5% 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 214.56 million shares and, of the total traded
issues of 893, the number of advancing shares was 170.
** The won has lost 8.2% against the U.S dollar so far this
** In money and debt markets, September futures on three-year
treasury bonds         rose 0.19 points to 111.51.
** The most liquid 3-year Korean treasury bond yield fell by 6.1
basis points to 1.088%, while the benchmark 10-year yield fell
by 8.0 basis points to 1.153%.
($1 = 1,214.7300 won)    

 (Reporting by Hayoung Choi; Editing by Rashmi Aich)
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