June 26, 2018 / 2:24 AM / 22 days ago

S.Korean stocks slide as trade woes hurt risk appetite; won firms

    * KOSPI index falls, foreigners sell
    * Korean won gains against U.S. dollar
    * South Korean bond yields inch higher

    SEOUL, June 26 (Reuters) - Round-up of South Korean
financial markets:
** South Korea's KOSPI stock index         fell on Tuesday as
escalating trade tensions between the United States and other
major economies hurt risk appetite. The Korean won gained
against the dollar while bond yields edged higher.
    
** Conflicting signals from the Trump administration over
proposed restrictions on foreign investment in U.S. technology
companies, along with news that recently imposed import tariffs
are starting to disrupt supply chains, hurt global equities.

** After U.S. Treasury Secretary Steven Mnuchin said on Monday
that forthcoming investment restrictions from the department
will not be specific to China but would apply "to all countries
that are trying to steal our technology," White House trade and
manufacturing adviser Peter Navarro said that any investment
restrictions proposed by the Trump administration would target
China and not other countries.                         

** The French finance minister warned Washington that Europe
will retaliate if U.S. imposes auto tariffs, after Trump
threatened to hit imported cars assembled in European Union with
a 20 percent tariff.                
 
** At 02:12 GMT, the KOSPI was down 28.63 points or 1.21 percent
at 2,329.25.
    
** However, shares of South Korean steelmakers climbed on
optimism over inter-Korean railway cooperation talks to be held
later in the day. Bookook Steel             and Samhyun Steel
            surged 12.7 percent and 15.9 percent, respectively.
Domestic train manufacturer Hyundai Rotem             also
gained 2.8 percent.             
 
** The won was quoted at 1,115.9 per dollar on the onshore
settlement platform           , 0.12 percent firmer than its
previous close at 1,117.2, the lowest finish since November.
 
** In offshore trading, the won        was quoted at 1,116.4 per
U.S. dollar, down 0.17 percent from the previous day, while in
one-year non-deliverable forwards             it was being asked
at 1,099.95 per dollar.
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.99 percent, after U.S. technology
shares took a hit overnight, with the S&P 500        and Nasdaq
        suffering their steepest losses in more than two months.
Japanese stocks         fell 0.7 percent. 
 
** The KOSPI is down around 4.4 percent so far this year, and
down by 3.52 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 219,533,000 shares and, of the total traded issues
of 884, the number of advancing shares was 111.
 
** Foreigners were net sellers of 175,479 million won worth of
shares.
 
** The U.S. dollar has risen 4.69 percent against the won this
year. The won's high for the year is 1,053.55 per dollar on
April 2 2018 and low is 1,118.22 on June 25 2018.
 
** In money and debt markets, September futures on three-year
treasury bonds          fell 0.02 points to 107.95
 
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 2.145 percent, barely changed from the
previous day's 2.15 percent.

 (Reporting by Joori Roh; Editing by Amrutha Gayathri)
  
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