March 22, 2018 / 1:53 AM / a month ago

S.Korean stocks hit 7-wk top as Fed stance not as hawkish as expected

    * KOSPI index rises nearly 1 pct, foreigners buy 
    * Korean won gains against U.S. dollar
    * South Korean bond yields edge lower

    SEOUL, March 22 (Reuters) - Round-up of South Korean
financial markets:
** South Korea's KOSPI stock index         surged to a
seven-week high on Thursday and the Korean won strengthened as
the U.S. Federal Reserve raised interest rate as expected and
signalled two more rate increases this year, in a move that was
seen as less hawkish than anticipated.             
 
** At 01:25 GMT, the KOSPI was up 21.45 points or 0.86 percent
at 2,506.42.
 
** The won was quoted at 1,065.8 per dollar on the onshore
settlement platform           , 0.61 percent firmer than its
previous close at 1,072.3. 
 
** In offshore trading, the won        was quoted at 1,065.9 per
U.S. dollar, down 0.16 percent from the previous day, while in
one-year non-deliverable forwards             it fetched 1,052.8
per dollar.
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.49 percent, after U.S. stocks ended the
previous session with losses            . Japanese stocks
        rose 0.78 percent. 
 
** The KOSPI is up around 0.7 percent so far this year, and up
by 1.60 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 163,192,000 shares, and of the total traded issues
of 882, the number of advancing shares was 469.
 
** Foreigners were net buyers of 114,777 million won worth of
shares.
 
** The U.S dollar has fallen 0.04 percent against the won this
year. The won's high for the year is 1,056.67 per dollar on
January 14 2018 and low is 1,098.4 on February 6 2018.
 
** In money and debt markets, June futures on three-year
treasury bonds         rose 0.08 points to 107.49.
 
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 2.267 percent, lower than the previous
day's 2.29 percent.

 (Reporting by Dahee Kim; Editing by Amrutha Gayathri)
  
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