August 26, 2019 / 2:52 AM / 24 days ago

S.Korea stocks, won slip on trade war woes; finmin monitoring volatility

    * KOSPI index tumbles, foreigners sell
    * Korean won weakens against dollar
    * South Korea benchmark bond yields fall

    SEOUL, Aug 26 (Reuters) - Round-up of South Korean financial
markets:
    ** South Korean shares tumbled on Monday in line with other
Asian markets, as investors remained cautious due to an
escalation in U.S.-China trade war over the weekend. The Korean
won fell, as benchmark bond yields slipped on safe-haven demand.
    
    ** U.S. President Donald Trump on Friday heaped another 5%
tariffs on some Chinese goods, hours after China unveiled
retaliatory tariffs on $75 billion worth of U.S. goods as the
president demanded U.S. companies to move their operations out
of China.             

    ** The dispute escalated over the weekend shaking global
financial markets as the White House on Sunday said that
President Donald Trump wishes he had raised tariffs on Chinese
goods even higher last week.             

    ** South Korea's vice finance minister on Monday warned
against one-way bets on the won       , while adding that the
authorities were closely monitoring the Chinese yuan's       
movements as the correlation between the two currencies'
movement has increased.             
    
    ** The Seoul stock market's main KOSPI         fell 32.39
points, or 1.66%, to 1,915.91 as of 0230 GMT, with the market
heavyweights Samsung Electronics             and SK Hynix
            dropping 1.6% and 3.8%, respectively.
    
    ** Foreigners were net sellers of 71.6 billion won ($59.04
million) worth of shares on the main board.
    
    ** The won was quoted at 1,218.3 per dollar on the onshore
settlement platform           , 0.63% lower than its previous
close at 1,210.6.
    
    ** In offshore trading, the won        was quoted at 1,218.5
per U.S. dollar, down 0.5% from the previous day, while in
non-deliverable forward trading its one-month contract
              was quoted at 1,217.4 per dollar.
    
    ** MSCI's broadest index of Asia-Pacific shares outside
Japan                 was down 2.15%, after U.S. stocks plunged
in the previous session on fears of trade war escalation
           . Japanese stocks         fell 2.28%.
    
    ** The KOSPI has fallen 6.13% so far this year, and/but lost
6.4% 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 162.02 million shares and, of the total traded
issues of 889, the number of advancing shares was 78.
    
    ** The won has lost 8.4% against the U.S dollar so far this
year.
    
    ** In money and debt markets, September futures on
three-year treasury bonds         rose 0.15 points to 111.36.
    
    ** The most liquid 3-year Korean treasury bond yield fell by
5.4 basis points to 1.118%. The benchmark 10-year yield also
fell by 7.3 basis points to 1.190%, as it tracked the U.S.
10-year Treasury debt               falling to their lowest
since mid-2016.


($1 = 1,212.6600 won)

 (Reporting by Joori Roh; Editing by Rashmi Aich)
  
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