May 16, 2018 / 2:52 AM / 12 days ago

S.Korea won skids as North threatens to cancel U.S. summit, shares edge up

    * KOSPI index up, foreign investors sell 
    * Korean won falls versus U.S. dollar
    * South Korea bond yields trim early gains

    SEOUL, May 16 (Reuters) - Round-up of South Korean financial
markets:
    
** South Korea's won currency fell after North Korea scrapped 
planned inter-Korea talks on Wednesday and threatened to cancel
a summit with the United States, casting doubts over its pledge
to denuclearize the Korean peninsula. The heightened risk pushed
up treasury bond yields in early trade. The KOSPI stock index
        however edged up.             
 
** At 02:30 GMT, the KOSPI was up 6.63 points or 0.27 percent at
2,465.17. Samsung Electronics            , which rose 1.6
percent, pushed up the index, but shares of construction and
railway firms plunged after North Korea abruptly cancelled talks
with South Korea.             
 
** The won was quoted at 1,078.5 per dollar on the onshore
settlement platform           , 0.44 percent weaker than its
previous close at 1,073.8. 
 
** In offshore trading, the won        was quoted at 1,078.5 per
U.S. dollar, up 0.14 percent from the previous day, while in
one-year non-deliverable forwards             it was being
transacted at 1,061.7 per dollar.
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.26 percent, after U.S. stocks ended
the previous session with mild losses. Japanese stocks        
weakened 0.38 percent.                 
 
** The KOSPI is down around 0.4 percent so far this year, and
has risen 0.52 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 366,322,000 shares and, of the total traded issues
of 883, the number of advancing shares was 185.
 
** Foreigners were net sellers of 14,471 million won worth of
shares.
 
** The U.S dollar has risen 1.14 percent against the won this
year. The won's high for the year is 1,053.55 per dollar on
April 2, while the low is 1,098.4 on Feb. 6.
 
** In money and debt markets, June futures on three-year
treasury bonds         rose 0.02 points to 107.47.
 
** The benchmark 3-year Korean treasury bond yielded 2.30
percent, lower than the previous day's 2.31 percent.

 (Reporting by Cynthia Kim; Editing by Biju Dwarakanath)
  
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