Brexit chaos restrains S.Korean stocks, foreigners buy for 6th session

* KOSPI index picks up, foreigners buy

* Korean won strengthens versus U.S. dollar

* South Korea bond yields up

* For the midday report, please click

SEOUL, Jan 16 (Reuters) - Round-up of South Korean financial markets:

** South Korea's KOSPI stock index closed firmer on Wednesday amid hopes of Chinese stimulus measures, but the latest episode of Brexit drama curbed further gains. The Korean won and bond yields rose. ** The KOSPI ended 8.92 points higher, or 0.43 percent, at 2,106.10.

** Expectation for Chinese stimulus measures and uncertainties around Brexit coexisted throughout the session, said analysts at Mirae Asset Daewoo.

** China's central bank on Tuesday will make the biggest daily net cash injection worth of 350 billion yuan ($51.68 billion) via open market operations on record, according to traders.

** British lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to a reversal of the 2016 decision to leave.

** Foreigners were net buyers of 98 billion won worth of shares.
They were net buyers for a 6th consecutive session, marking the
longest streak since late August 2018.
** The won was quoted at 1,120.1 per dollar on the onshore
settlement platform, 0.05 percent firmer than its
previous close at 1,120.7.
** In offshore trading, the won was quoted at 1,119.99
per U.S. dollar, up 0.13 percent from the previous day, while in
one-year non-deliverable forwards it was being
transacted at 1,103.15 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
rose 0.13 percent, after U.S. stocks ended the
previous session with gains. Japanese stocks
weakened 0.55 percent.
** The KOSPI is up around 2.8 percent so far this year, and up
by 0.80 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 492,712,000 shares and of the total traded issues of
897, the number of advancing shares was 507.
** The U.S dollar has risen 0.6 percent against the won this
year. The won's high for the year is 1,113.81 per dollar hit on
Jan. 11 and the low is 1,130.05 on Jan. 3.
** In money and debt markets, March futures on three-year
treasury bonds fell 0.02 points to 109.29.
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.86 percent, while the benchmark 3-year Korean
treasury bond yielded 1.805 percent, higher than the previous
day's 1.80 percent.
(Reporting by Hayoung Choi; Editing by Shreejay Sinha)

2019-01-16 09:08:41

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