S.Korea stocks flat, won stays at 3-yr high on dollar weakness

By Kitco News / January 15, 2018 / www.kitco.com / Article Link

SEOUL, Jan 16 (Reuters) - Round-up of South Korean financial markets: ** South Korea's KOSPI stock index weakened slightly on Tuesday. The Korean won barely moved from a 3-year high reached this week while bond yields rose. ** At 00:59 GMT, the KOSPI was down 2.05 points or 0.08 percent at 2,501.31. ** The won was quoted at 1,064.3 per dollar on the onshore settlement platform , 0.15 percent weaker than its previous close at 1,062.7. ** In offshore trading, the won was quoted at 1,064.3 per U.S. dollar, down 0.18 percent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,055.75 per dollar. ** MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.19 percent . Japanese stocks rose 0.13 percent. U.S. markets were closed on Monday for a public holiday. ** The KOSPI is up around 1.5 percent so far this year, and up by 0.36 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 98,299,000 shares, and of the total traded issues of 877, the number of advancing shares was 285. ** Foreigners were net buyers of 27,550 million won worth of shares. ** The U.S dollar has fallen 0.19 percent against the won this year. The won's high for the year is 1,056.67 per dollar on January 14 2018 and low is 1,073.2 on January 11 2018. ** In money and debt markets, March futures on three-year treasury bonds fell 0.01 points to 107.53.


(Reporting by Cynthia Kim; Editing by Sam Holmes)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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