S.Korean stocks muted ahead of Fed meeting; won rises
* KOSPI index steady, foreigners net sellers
* Korean won gains versus U.S. dollar
* South Korea benchmark bond yield falls
* For the midday report, please click
SEOUL, March 19 (Reuters) - Round-up of South Korean
** South Korea's KOSPI stock index ended flat on Tuesday
after swinging between gains and losses, as investors awaited
the U.S. Federal Reserve meeting. The Korean won strengthened,
while the benchmark bond yield fell.
** The Seoul stock market's main index lost 1.88 points or 0.09
percent to 2,177.61 points.
** Many investors expect the U.S. Federal Reserve, which would
kick off its meeting later in the day, to keep its benchmark
overnight interest rate unchanged and stick to its pledge of a
"patient" approach to monetary policy.
** Foreigners were net sellers of 13.3 billion won worth of
shares on the main board.
** The won was quoted at 1,130.6 per dollar on the onshore
settlement platform, 0.13 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 1,129.5 per dollar.
** MSCI's broadest index of Asia-Pacific shares outside Japan
was down 0.06 percent, after U.S. stocks ended
higher. Japanese stocks fell 0.08 percent.
** The KOSPI has risen 6.69 percent so far this year, and has
fallen 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 313.82 million shares and, of the total traded
issues of 895, the number of advancing shares was 358.
** The won has lost 1.3 percent against the U.S dollar this
** In money and debt markets, March futures on three-year
treasury bonds fell 0.01 points to 109.15, while the
3-month Certificate of Deposit rate was quoted at 1.90 percent.
** The most liquid 3-year Korean treasury bond yield was flat at
1.812 percent, while the benchmark 10-year yield fell 1.5 basis
points to 1.979 percent.
(Reporting by Hayoung Choi; Editing by Shreejay Sinha)
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