May 14, 2018 / 2:08 AM / 7 months ago

S.Korean won gains on softer dlr, political thaw; shares weaken

    * KOSPI index slips, foreigners buy
    * Korean won rises versus U.S. dollar
    * South Korea bond yields up

    SEOUL, May 14 (Reuters) - Round-up of South Korean financial
markets:
** South Korea's KOSPI stock index         weakened on Monday.
The Korean won rose 0.34 percent against the dollar after U.S.
Secretary of State Mike Pompeo said the United States could
agree to lift sanctions on North Korea if the country completely
dismantles its nuclear weapons program, which would be a boon
for both Koreas. The won's gain was also helped by a weaker U.S.
dollar following moderate inflation reading.              
 
** At 01:47 GMT, the KOSPI was down 4.17 points, or 0.17
percent, at 2,473.54. Market heavyweight Samsung Electronics
            was down 2.34 percent while SK Hynix            
fell 1.74 percent. Steelmakers and construction shares rose on
hopes of embarking on inter-Korea economic projects including
railroad constructions.
 
** The won was quoted at 1,065.70 per dollar on the onshore
settlement platform           , 0.34 percent firmer than its
previous close at 1,069.3.
 
** In offshore trading, the won        was quoted at 1,066 per
U.S. dollar, up 0.08 percent from the previous day, while in
one-year non-deliverable forwards             it was being
transacted at 1,048.65 per dollar.
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
                was up 0.32 percent, after U.S. stocks ended the
previous session with mild gains            . Japanese stocks
        rose 0.16 percent. 
 
** The KOSPI is up around 0.4 percent so far this year, and up
by 2.41 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 ($1.17 trillion).
 
** The trading volume during the session on the KOSPI index
        was 304,253,000 shares and, of the total traded issues
of 882, the number of advancing shares was 502.
 
** Foreigners were net buyers of 40,398 million won worth of
shares.
 
** The U.S. dollar has fallen 0.03 percent against the won this
year. The won's high for the year is 1,053.55 per dollar on
April 2 and low is 1,098.4 on Feb 6.
 
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, the same as its previous close, while
the benchmark 3-year Korean treasury bond yielded 2.293 percent,
up from the previous day's 2.29 percent.

 (Reporting by Cynthia Kim; Editing by Gopakumar Warrier)
  
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