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
financial markets:
** 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
at 2,282.79.

** 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
trillion won.

** 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
shares.

** 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

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