S.Korean stocks steady amid U.S.-China trade worries; won inches lower
* KOSPI index flat, foreigners sell
* Korean won inches down vs dollar
* South Korean bond yields down
SEOUL, Sept 12 (Reuters) - Round-up of South Korean
** South Korea's KOSPI stock index traded steady on
Wednesday as a simmering Sino-U.S. trade conflict continued to
hold back risk appetite. The Korean won inched lower while bond
yields also fell.
** South Korea's unemployment rate rose to an eight-year high in
August as mandatory minimum wages rose, worsening the country's
economic policy frustrations for President Moon Jae-in whose
approval rating is now at its lowest since inauguration.
** At 01:09 GMT, the KOSPI was down 0.41 points or 0.02 percent
** The won was quoted at 1,126.2 per dollar on the onshore
settlement platform , 0.08 percent weaker than its
previous close at 1,125.3.
** In offshore trading, the won was quoted at 1,125.8 per
U.S. dollar, down 0.25 percent from the previous day, while in
one-year non-deliverable forwards it was being
transacted at 1,108.55 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
was up 0.06 percent, after U.S. stocks ended the
previous session with mild gains . Japanese stocks
weakened 0.26 percent.
** The KOSPI is down around 7.5 percent so far this year, and up
by 0.45 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
** The trading volume during the session on the KOSPI index
was 106,115,000 shares and, of the total traded issues
of 890, the number of advancing shares was 365.
** Foreigners were net sellers of 79,666 million won worth of
** The U.S. dollar has risen 5.57 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 1,140.4 on July 19 2018.
** In money and debt markets, September futures on three-year
treasury bonds rose 0.04 points to 108.94.
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.65 percent, while the benchmark 3-year Korean
treasury bond yielded 1.91 percent, lower than the previous
day's 1.92 percent.
(Reporting by Joori Roh; Editing by Amrutha Gayathri) 2018-09-12 03:42:43
© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.