April 18, 2018 / 1:31 AM / 10 months ago

S.Korean stocks surge to 4-week high, won firms

    * KOSPI index gains 1.3 pct, foreigners buy 
    * Korean won firms against U.S. dollar
    * South Korean bond yields fall

    SEOUL, April 18 (Reuters) - Round-up of South Korean
financial markets:
** South Korea's KOSPI stock index         sharply rose early on
Wednesday. The Korean won edged higher on the local platform,
while bond yields fell.
** At 01:06 GMT, the KOSPI was up 31.12 points or 1.27 percent
at 2,484.89. It was the highest intraday trading level since
March 22.

** The benchmark stock index was buoyed by easing political
tensions on the Korean peninsula after a senior U.S. official
said CIA Director Mike Pompeo made a secret visit to North Korea
over the Easter weekend and met with North Korean leader Kim
Jong Un.             

** Wall Street gains overnight, supporting overall sentiment; SK
Hynix shares             gain over 3 percent.     
** The won was quoted at 1,064.6 per dollar on the onshore
settlement platform           , 0.23 percent firmer than its
previous close at 1,067. 
** In offshore trading, the won        was quoted at 1,064.17
per U.S. dollar, up 0.18 percent from the previous day, while in
one-year non-deliverable forwards             it fetched
1,049.25 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.38 percent, after U.S. stocks ended the
previous session with gains            . Japanese stocks        
climbed 1.19 percent. 
** The KOSPI is down around 0.6 percent so far this year, and
down by 1.76 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 211,939,000 shares, and of the total traded issues
of 876, the number of advancing shares was 542.
** Foreigners were net buyers of 118,977 million won worth of
** The U.S. dollar has fallen 0.21 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 1,098.4 on February 6 2018.
** In money and debt markets, June futures on three-year
treasury bonds         rose 0.02 points to 107.86.
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 2.177 percent, lower than the previous
day's 2.18 percent.

 (Reporting by Dahee Kim; Editing by Amrutha Gayathri)
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