July 5, 2018 / 1:39 AM / 4 months ago

S.Korean stocks, won fall as deadline looms for U.S. tariffs on China

    * KOSPI index falls, foreigners sell
    * Korean won slips against U.S. dollar
    * South Korean bond yields edge lower

    SEOUL, July 5 (Reuters) - Round-up of South Korean financial
markets:
** South Korea's KOSPI stock index         and the won weakened
on Thursday as risk appetite was muted ahead of Washington's
July 6 deadline for its tariffs on Chinese imports to take
effect. South Korean bond yields also fell.

** The United States previously announced tariffs on $34 billion
of Chinese imports, and Beijing has promised to retaliate.
However, China's finance ministry on Wednesday said it will
"absolutely not" fire the first shot in a trade war with the
U.S. and that the country will not be the first to levy tariffs.
                
 
** At 01:00 GMT, the KOSPI was down 10.74 points or 0.50 percent
at 2,254.72.

** South Korea's agrochemical producers jumped after
inter-Korean forestry cooperation talks on Wednesday. Local
media reported that the two Koreas reached an agreement to
cooperate on protecting their forests along the border and other
areas from damages caused by blight and harmful insects.
Dongbang Agro Corp             gained as much as 24.8 percent,
while Kyungnong Corp             and Sungbo Chemical Co Ltd
            climbed 11.5 percent and 4.2 percent, respectively.
            
 
** The won was quoted at 1,117.2 per dollar on the onshore
settlement platform           , 0.24 percent weaker than its
previous close at 1,114.5. 
 
** In offshore trading, the won        was quoted at 1,117 per
U.S. dollar, down 0.16 percent from the previous day, while in
one-year non-deliverable forwards             it fetched
1,100.75 per dollar. 
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was down 0.11 percent. The U.S. markets were
closed on Wednesday for the Independence Day holiday. Japanese
stocks         weakened 0.32 percent. 
 
** The KOSPI is down around 8.2 percent so far this year, and
down by 7.93 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 104,895,000 shares and, of the total traded issues
of 878, the number of advancing shares was 212.
 
** Foreigners were net sellers of 18,430 million won worth of
shares.
 
** The U.S. dollar has risen 4.75 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 1,125.17 on June 27 2018.
 
** In money and debt markets, September futures on three-year
treasury bonds         rose 0.02 points to 108.11.
 
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 2.113 percent, lower than the previous
day's 2.12 percent.

 (Reporting by Joori Roh; Editing by Amrutha Gayathri)
  
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