August 7, 2019 / 2:09 AM / 4 months ago

S.Korea stocks steady as Sino-U.S. tension lingers

    * Korean won strengthens modestly vs U.S. dollar
    * KOSPI index steady, foreigners net sellers
    * South Korea benchmark bond yield falls

    SEOUL, Aug 7 (Reuters) - Round-up of South Korean financial
** South Korean shares failed to rebound in early trade on
Wednesday amid lingering trade tension between the United States
and China. The Korean won strengthened slightly, while the
benchmark bond yield fell.
** As of 0202 GMT, the Seoul stock market's main KOSPI        
fell 0.96 points or 0.05% to 1,916.54, set to fall for a sixth
consecutive session.
** Tensions remained in the markets, though volatilities in the
forex market have been stabilised as of now, said Lee
Kyoung-min, an analyst at Daishin Securities.
** The yuan had fallen sharply on Monday, going past the
symbolic 7-per-dollar level, and prompting Washington to label
Beijing a currency manipulator in a major escalation of the
year-long trade dispute between the world's two largest
** South Korea's policymakers said they stood ready to take
steps to curb any herd behaviour in the market and would
consider cutting interest rates again if needed.             
** Foreigners were net sellers of 53.2 billion won ($43.81
million) worth of shares on the main board.
** The won was quoted at 1,214.6 per dollar on the onshore
settlement platform           , 0.06% higher than its previous
close at 1,215.3.
** In offshore trading, the won        was quoted at 1,214.4 per
U.S. dollar, down 0.2% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,213.3 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was unchanged, after U.S. stocks jumped more
than 1%. Japanese stocks         fell 0.49%.            
** The KOSPI has fallen 6.09% so far this year, and lost 9.6% 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 311.52 million shares and, of the total traded
issues of 887, the number of advancing shares was 546.
** The won has lost 8.1% against the U.S dollar so far this
** In money and debt markets, September futures on three-year
treasury bonds         rose 0.04 point to 111.34, while the
3-month Certificate of Deposit rate was quoted at 1.49%.
** The most liquid 3-year Korean treasury bond yield fell by 0.1
basis point to 1.162%, while the benchmark 10-year yield fell by
1.7 basis points to 1.239%.
 ($1 = 1,214.4000 won)

 (Reporting by Hayoung Choi, Yuna Park; Editing by Shounak
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