December 24, 2018 / 1:32 AM / 3 months ago

S.Korea stocks wobble on U.S. govt shutdown, dim trade talk outlook

    * KOSPI index weakens, foreigners sell
    * Korean won drops versus U.S. dollar
    * South Korea bond yields up

    SEOUL, Dec 24 (Reuters) - Round-up of South Korean financial
markets:
    
** South Korea's KOSPI stock index         declined on Monday as
investors are anxious about political instability in the United
States. The Korean won fell, while bond yields rose.
 
** At 01:16 GMT, the KOSPI was down 8.41 points or 0.41 percent
at 2,053.08.
    
** Local markets fell on concerns over the partial U.S.
government shutdown and possible delay of Sino-U.S. trade
negotiations, according to Mirae Asset report.

** Aides of U.S. President Donald Trump said the government
shutdown could be extended to January.              

** Over the weekend, Trump's trade adviser Peter Navarro said it
would be difficult for the United States and China to reach an
agreement after the 90-day period of talks, unless Beijing was
prepared to overhaul its trade and industrial practices.
            
 
** The won was quoted at 1,127.1 per dollar on the onshore
settlement platform           , 0.42 percent weaker than its
previous close of 1,122.4.
 
** In offshore trading, the won        was quoted at 1,126.7 per
dollar, up 0.12 percent from the previous day, while in one-year
non-deliverable forwards             it was being transacted at
1,107.65 per dollar.
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.27 percent, after U.S. stocks ended
the previous session with mild losses            . Japanese
financial markets         were closed Monday.
 
** The KOSPI is down around 16.5 percent so far this year and by
1.18 percent in the past 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 on the KOSPI index         was 92.4
million shares and, of the total traded issues of 880, the
number of advancing shares was 274.
 
** Foreigners were net sellers of 42.19 billion won worth of
shares.
 
** The dollar has risen 5.66 percent against the won this year.
The won's high for the year was 1,053.55 per dollar, hit on
April 2, and its low was 1,146.26, touched on Oct. 11.
 
** In money and debt markets, March futures on three-year
treasury bonds         rose 0.02 points to 109.18.
 
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.9 percent, while the benchmark 3-year Korean
treasury bond yielded 1.84 percent, higher than the previous
day's 1.84 percent.

 (Reporting by Hayoung Choi; Editing by Sai Sachin Ravikumar)
  
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