July 13, 2018 / 2:08 AM / 2 months ago

S.Korean stocks, won gain as U.S.-China trade war worries ease

    * KOSPI index gains, foreigners buy
    * Korean won rallies against U.S. dollar
    * South Korean bond yields edge higher

    SEOUL, July 13 (Reuters) - Round-up of South Korean
financial markets:
    ** South Korea's KOSPI stock index         and the won
strengthened on Friday as concerns eased over the trade conflict
between the United States and China. South Korean bond yields
also rose.
    
    ** U.S. treasury secretary Steven Mnuchin on Thursday said
the United States and China could reopen trade talks only if
Beijing is willing "to make serious efforts to make structural
changes."             
    
    ** Washington slapped import tariffs on $34 billion worth of
Chinese goods on July 6. While China has vowed to retaliate to
the new tariffs, the lack of a specific response to date has
sparked a global relief rally.
    
    ** At 01:21 GMT, the KOSPI was up 27.08 points or 1.19
percent at 2,312.14. Tech giant Samsung Electronics            
gained more than 2 percent, while South Korea's memory chip
producer SK Hynix             surged more than 5 percent. The
country's other large-cap stocks such as Posco             and
LG Chem             climbed 3.9 percent and 3.3 percent,
respectively.

    ** South Korea's heavy industrial equipment and raw material
producer Hyosung Corp             and its subsidiaries began
trading on Thursday, after the company transformed into a
holding company and separated its business into four operating
subsidiaries.
    
    ** The won was quoted at 1,122.9 per dollar on the onshore
settlement platform           , 0.27 percent firmer than its
previous close at 1,125.9. 
 
    ** In offshore trading, the won        was quoted at 1,122.4
per U.S. dollar, up 0.11 percent from the previous day, while in
one-year non-deliverable forwards             it was being asked
at 1,106.25 per dollar. 
 
    ** MSCI's broadest index of Asia-Pacific shares outside
Japan                 was up 0.64 percent, after U.S. stocks
ended the previous session with gains            . Japanese
stocks         rose 1.33 percent.
 
    ** The KOSPI is down around 7.4 percent so far this year,
and down by 7.01 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 106,209,000 shares and, of the total traded issues
of 887, the number of advancing shares was 528.
 
    ** Foreigners were net buyers of 54,820 million won worth of
shares.
 
    ** The U.S. dollar has risen 5.25 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 1,130.1 on July 12 2018.
 
    ** In money and debt markets, September futures on
three-year treasury bonds         fell 0.02 points to 108.13.
 
    ** The Korean 3-month Certificate of Deposit benchmark rate
was quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 2.101 percent, higher than the previous
day's 2.09 percent.

 (Reporting by Joori Roh; Editing by Amrutha Gayathri)
  
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