S.Korea stocks, won bullish on optimism over Sino-U.S. talks

* KOSPI index climbs, foreigners sell
* Korean won gains versus U.S. dollar
* South Korea bond yields down

Aug 20 (Reuters) - Round-up of South Korean financial
markets:
** South Korea's KOSPI stock index and the won advanced
on Monday, on optimism about planned trade talks between the
United States and China. Bond yields fell.

** At 01:17 GMT, the KOSPI was up 4.54 points or 0.20 percent at
2,251.59.

** Steelmaker POSCO gained almost 4 percent on
optimism over more overseas sales as tariff war cools down,
while Hyundai Heavy Industries added 7.8 percent as
it sets to sell off its factory in Onsan, which has been closed
since January 2016.

** Samsung Heavy Industries jumped 4.7 percent after
it got a 412-billion-won ($368.01 million) order to build two
LNGC ships.

** Shares of Samsung Electronics hit a new low to
43,500 won, on concerns the chip industry's peak days will soon
end.

** The won was quoted at 1,122.2 per dollar on the onshore
settlement platform , 0.24 percent firmer than its
previous close of 1,124.9.

** In offshore trading, the won was quoted at 1,122.7 per
U.S. dollar, down 0.28 percent from the previous day, while in
one-year non-deliverable forwards it was being
transacted at 1,105.2 per dollar.

** MSCI's broadest index of Asia-Pacific shares outside Japan
was up 0.17 percent, after U.S. stocks ended the
previous session with mild gains . Japanese stocks
weakened 0.41 percent.

** The KOSPI is down around 8.9 percent so far this year, and
down by 0.47 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 81,413,000 shares and of the total 890 traded
issues, the number of advancing shares was 494.

** Foreigners were net sellers of 10,913 million won worth of
shares.

** The U.S dollar has risen 5.28 percent against the won this
year. The won's high for the year is 1,053.55 per dollar on
April 2 and the low is 1,140.4 on July 19.

** In money and debt markets, September futures on three-year
treasury bonds fell 0.01 points to 108.54.

** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 1.995 percent, lower than the previous
day's 2.00 percent.

($1 = 1,119.5200 won)

(Reporting by Hayoung Choi; Editing by Sunil Nair)


2018-08-20 03:57:19

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