S.Korea stocks seesaw ahead of Fed meeting; won gains
* KOSPI index steady, foreigners net buyers
* Korean won up marginally versus U.S. dollar
* South Korea benchmark bond yield flat
SEOUL, March 19 (Reuters) - Round-up of South Korean
** South Korea's KOSPI stock index oscillated between
positive and negative terrain on Tuesday in line with Asian
peers, ahead of the U.S. Federal meeting that kicks off later in
the day. The Korean won edged higher, while bond yield was flat.
** As of 0130 GMT, the Seoul stock market's main KOSPI was up
3.17 points or 0.15 percent at 2,182.66 points.
** Many investors expect the U.S. Federal Reserve, which has
raised rates four times last year, to keep its benchmark
overnight interest rate unchanged and stick to its pledge of a
"patient" approach to monetary policy.
** Foreigners were net buyers of 8.8 billion won worth of shares
on the main board.
** The won was quoted at 1,131.7 per dollar on the onshore
settlement platform , 0.04 percent higher than its
previous close at 1,132.1.
** In offshore trading, the won was quoted at 1,130.7 per
U.S. dollar, up 0.1 percent from the previous day, while in
one-year non-deliverable forward trading its one-month contract
was quoted at 1,129.7 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
was up 0.03 percent, after U.S. stocks ended
higher . Japanese stocks fell 0.19 percent.
** The KOSPI rose 6.87 percent so far this year, and dropped 0.2
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 1,242.04
** The trading volume during the session on the KOSPI index
was 84.95 million shares and, of the total traded issues
of 888, the number of advancing shares was 413.
** The won slipped 1.4 percent against the U.S dollar this year.
** In money and debt markets, March futures on three-year
treasury bonds were steady at 109.16, while the 3-month
Certificate of Deposit rate was quoted at 1.90 percent.
** The most liquid 3-year Korean treasury bond yield dropped by
0.4 basis points to 1.808 percent, while the benchmark 10-year
yield was flat at 1.994 percent.
(Reporting by Hayoung Choi, Editing by Sherry Jacob-Phillips) 2019-03-19 03:39:00
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