December 26, 2018 / 1:56 AM / a month ago

S.Korea stocks slip on U.S. political uncertainties, won weakens

    * KOSPI index drops over 1 pct, foreigners buy
    * Korean won weakens versus U.S. dollar
    * South Korean bond yields down

    SEOUL, Dec 26 (Reuters) - Round-up of South Korean financial
markets:
** South Korea's KOSPI stock index         declined more than 1
percent on Wednesday over persisting political uncertainties
from the United States. The Korean won weakened against dollar,
while bond yields fell.
 
** At 01:47 GMT, the KOSPI was down 26.94 points or 1.31 percent
at 2,028.07.
    
** U.S. stocks extended steep sell-off on Monday as U.S.
Treasury Secretary Steven Mnuchin called top U.S. bankers on
Sunday amid the stocks market slump.             
    
** U.S. President Donald Trump on Tuesday repeated his criticism
of the U.S. Federal Reserve Chairman Jerome Powell for raising
interest rates too quickly.             
        
** Trump also said that the partial shutdown of the federal
government was going to last until his demand for funds to build
a wall on the U.S.-Mexico border is met.             

** Against this backdrop, South Korean central bank said on
Wednesday that global markets instability rose sharply, but
noted local markets have been relatively stabilised in recent
days.             
** The won was quoted at 1,126.2 per dollar on the onshore
settlement platform           , 0.09 percent weaker than its
previous close at 1,125.2. 
 
** In offshore trading, the won        was quoted at 1,126.3 per
U.S. dollar, down 0.2 percent from the previous day, while in
one-year non-deliverable forwards             it was being
transacted at 1,106.95 per dollar. 
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.12 percent, after U.S. stocks ended
the previous session with mild losses            . Japanese
stocks         rose 1.59 percent. 
 
** The KOSPI is down around 16.7 percent so far this year, and
down by 1.22 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 90,461,000 shares and, of the total traded issues of
887, the number of advancing shares was 99.
 
** Foreigners were net buyers of 53,308 million won worth of
shares.
 
** The U.S dollar has risen 5.62 percent against the won this
year. The won's high for the year is 1,053.55 per dollar on
April 2 2018 and low is 1,146.26 on October 11 2018.
 
** In money and debt markets, March futures on three-year
treasury bonds         rose 0.06 points to 109.21.
 
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.9 percent, while the benchmark 3-year Korean
treasury bond yielded 1.824 percent, lower than the previous
day's 1.85 percent.

 (Reporting by Hayoung Choi; Editing by Rashmi Aich)
  
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