S.Korea stocks decline as institutions sell

* KOSPI index weakens; foreigners net buyers
* Korean won weakens versus U.S. dollar
* South Korea benchmark bond yield steady

SEOUL, Feb 21 (Reuters) - Round-up of South Korean financial
markets:

** South Korean shares fell on Thursday due to selling by
institutions after the previous session's sharp gains, while
there was muted reaction to the U.S. Federal Reserve minutes as
they came largely in line with expectation. The Korean won
weakened, while the benchmark bond yield was flat.

** The KOSPI stock index fell 10.44 points or 0.47
percent, to 2,219.32 points.

** After Wednesday's gain, local institutions are selling for
profit, said Lee Jae-sun, an analyst with KTB Investment &
Securities. The market gained 1.1 percent on Wednesday.

** Institutions were net sellers of 140.1 billion won worth of
shares on the main board, while foreigners were net buyers of
10.9 billion won worth of shares.

** The won was quoted at 1,125.8 per dollar on the onshore
settlement platform , 0.20 percent lower than its
previous close at 1,123.5.

** In offshore trading, the won was quoted at 1,125.9 per
U.S. dollar, down 0.3 percent from the previous day, while in
one-year non-deliverable forward trading its one-month contract
was quoted at 1,125.2 per dollar.

** MSCI's broadest index of Asia-Pacific shares outside Japan
was down 0.23 percent, after U.S. stocks ended
slightly higher on Wednesday . Japanese stocks
fell 0.52 percent.

** The KOSPI has risen 8.47 percent so far this year, and rose
10.9 percent in the previous 30 trading sessions.

** The current price-to-earnings ratio is 12.10, the dividend
yield is 1.28 percent and the market capitalisation is 1.24
trillion won.

** The trading volume during the session on the KOSPI index
was 160,094,000.00 million shares and, of the total
traded issues of 892, the number of advancing shares was 232.

** The won has lost 0.9 percent against the U.S dollar this
year.

** In money and debt markets, March futures on three-year
treasury bonds rose 0.03 points to 109.27.

** The Korean 3-month Certificate of Deposit rate was quoted at
1.89 percent, while the most liquid 3-year Korean treasury bond
yielded 1.802 percent, unchanged from 1.802 percent quoted in
the previous session.

(Reporting by Hayoung Choi; Editing by Subhranshu Sahu)


2019-02-21 04:02:15

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