September 12, 2018 / 1:43 AM / 7 months ago

S.Korean stocks steady amid U.S.-China trade worries; won inches lower

    * KOSPI index flat, foreigners sell
    * Korean won inches down vs dollar
    * South Korean bond yields down

    SEOUL, Sept 12 (Reuters) - Round-up of South Korean
financial markets:
** South Korea's KOSPI stock index         traded steady on
Wednesday as a simmering Sino-U.S. trade conflict continued to
hold back risk appetite. The Korean won inched lower while bond
yields also fell.
** South Korea's unemployment rate rose to an eight-year high in
August as mandatory minimum wages rose, worsening the country's
economic policy frustrations for President Moon Jae-in whose
approval rating is now at its lowest since inauguration.
** At 01:09 GMT, the KOSPI was down 0.41 points or 0.02 percent
at 2,282.79.
** The won was quoted at 1,126.2 per dollar on the onshore
settlement platform           , 0.08 percent weaker than its
previous close at 1,125.3. 
** In offshore trading, the won        was quoted at 1,125.8 per
U.S. dollar, down 0.25 percent from the previous day, while in
one-year non-deliverable forwards             it was being
transacted at 1,108.55 per dollar. 
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.06 percent, after U.S. stocks ended the
previous session with mild gains            . Japanese stocks
        weakened 0.26 percent. 
** The KOSPI is down around 7.5 percent so far this year, and up
by 0.45 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 106,115,000 shares and, of the total traded issues
of 890, the number of advancing shares was 365.
** Foreigners were net sellers of 79,666 million won worth of
** The U.S. dollar has risen 5.57 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 1,140.4 on July 19 2018.
** In money and debt markets, September futures on three-year
treasury bonds         rose 0.04 points to 108.94.
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 1.91 percent, lower than the previous
day's 1.92 percent.

 (Reporting by Joori Roh; Editing by Amrutha Gayathri)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below