April 3, 2018 / 1:32 AM / 4 months ago

S.Korea stocks slump on U.S. tech slide, won edges down

    * KOSPI index down, foreigners sell 
    * Korean won weaker versus U.S. dollar
    * South Korea bond yields down

    SEOUL, April 3 (Reuters) - Round-up of South Korean
financial markets:
** South Korea's KOSPI stock index         slumped on Tuesday.
The Korean won was weaker against the U.S. dollar after hitting
a 3-1/2-year high on Monday while bond yields fell.
 
** At 01:10 GMT, the KOSPI was down 12.06 points or 0.49 percent
at 2,432.10. The benchmark index fell more than 1 percent soon
after the market opened, affected by a tech slide on Wall Street
overnight. South Korea's major tech shares like SK Hynix
            fell as much as 3 percent while Samsung Electronics
            was down 2.6 percent. 

** LG Electronics            , however, rose 1.4 percent,
outperforming the broader market, on high expectations for
robust first-quarter earnings.             
 
** The won was quoted at 1,058.6 per dollar on the onshore
settlement platform           , 0.19 percent weaker than its
previous close at 1,056.6. 
    
** South Korea's currency authorities said there is no change in
their stance to take actions in cases of high currency
volatility after the Korean won hit a 3-1/2-year high on Monday.
            
 
** In offshore trading, the won        was quoted at 1,058.2 per
U.S. dollar, down 0.19 percent from the previous day, while in
one-year non-deliverable forwards             it was being asked
at 1,043.55 per dollar.
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.25 percent, after U.S. stocks ended
the previous session with losses            . Japanese stocks
        weakened 0.97 percent. 
 
** The KOSPI is down around 0.9 percent so far this year, and up
by 0.92 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 149,187,000 shares, and of the total traded issues
of 876, the number of advancing shares was 283.
 
** Foreigners were net sellers of 53,220 million won worth of
shares.
 
** The U.S dollar has fallen 0.77 percent against the won this
year. The won's high for the year is 1,053.55 per dollar on
April 2, 2018 and the low is 1,098.4 on February 6, 2018.
 
** In money and debt markets, June futures on three-year
treasury bonds         rose 0.04 point to 107.74.
 
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 2.207 percent, lower than the previous
day's 2.23 percent.

 (Reporting by Dahee Kim; Editing by Sunil Nair)
  
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