April 17, 2019 / 2:36 AM / 6 days ago

S.Korea stocks subdued; won gains on solid China data

    * KOSPI index flat, foreigners net buyers
    * Korean won strengthens versus U.S. dollar
    * South Korea benchmark bond yield rises

    SEOUL, April 17 (Reuters) - Round-up of South Korean
financial markets:
    
** South Korea's KOSPI stock index         flitted between
negative and positive territory on Wednesday, as investors
locked in profit after the market posted 13 sessions of gains.
The Korean won gained and the benchmark bond yield also rose.
 
** As of 0231 GMT, the main KOSPI was largely flat at 2,246.49
points, but hovered near the highest level since Oct. 10, 2018. 
    
** There seems a technical resistance around KOSPI index at
2,250 points, just before the market saw a plunge in October
last year, said Rhoo Yong-seok, an analyst from KB Securities.
Some investors who suffered loss for six months are now selling
stocks to recover their principal, he added. 

** China's economy grew 6.4 percent in the first quarter from a
year earlier, official data showed, above expectations and
steady from the previous quarter, helped by sharply higher
factory production.              
 
** Foreigners were net buyers of 44.9 billion won ($39.60
million) worth of shares on the main board, while local
institutions were net sellers of 43.6 billion won worth of
stocks. 
    
** The won was quoted at 1,135.5 per dollar on the onshore
settlement platform           , 0.02 percent higher than its
previous close at 1,135.7.
 
** In offshore trading, the won        was quoted at 1,134.8 per
U.S. dollar, up 0.2 percent from the previous day, while in
one-year non-deliverable forward trading its one-month contract
              was quoted at 1,133.8 per dollar.
    
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.15 percent, after U.S. stocks ended up
           . Japanese stocks         rose 0.49 percent.
    
** The KOSPI rose 10.19 percent so far this year, and climbed
3.2 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 235.41 million shares and, of the total traded
issues of 894, the number of advancing shares was 416.
    
** The won lost 1.7 percent against the U.S dollar this year.
    
** In money and debt markets, June futures on three-year
treasury bonds         dipped 0.07 points to 109.32, while the
3-month Certificate of Deposit rate was quoted at 1.86 percent.
    
** The most liquid 3-year Korean treasury bond yield rose by 1.0
basis points to 1.775 percent, while the benchmark 10-year yield
rose by 1.7 basis points to 1.949 percent.

    ($1 = 1,133.9600 won)

 (Reporting by Hayoung Choi, Editing by Sherry Jacob-Phillips)
  
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