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Seoul: Stocks, won edges up on foreign buying

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[SEOUL] South Korea's KOSPI stock index rose on Monday. The Korean won fell and bond yields rose.

At 0632 GMT, the KOSPI was up 7.31 points or 0.29 per cent at 2,503.73. The won was quoted at 1,062.7 per dollar on the onshore settlement platform, 0.2 per cent firmer than its previous close at 1,064.8.

In offshore trading, the won was quoted at 1,061.93 per US dollar, down 0.23 per cent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,054.05 per dollar.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.57 per cent, after US stocks ended the previous session with mild gains. Japanese stocks rose 0.26 per cent.

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The KOSPI is up around 1.2 per cent so far this year, and up by 0.71 per cent in the previous 30 days. The current price-to-earnings ratio is 12.10, the dividend yield is 1.28 per cent and the market capitalisation is 1,242.04 trillion won. The trading volume during the session on the KOSPI index was 400,665,000 shares, and of the total traded issues of 885, the number of advancing shares was 382.

Foreigners were net buyers of 24,284 million won worth of shares.

The US dollar has fallen 0.46 per cent against the won this year. The won's high for the year is 1,056.67 per dollar on Jan 14, 2018 and low is 1,073.2 on Jan 11, 2018.

In money and debt markets, March futures on three-year treasury bonds fell 0.19 points to107.56. The Korean three-month Certificate of Deposit benchmark rate was quoted at 1.66 per cent compared with a previous close of 1.66 per cent, while the benchmark three-year Korean treasury bond yielded 2.195 per cent, higher than the previous day's 2.174 per cent.

REUTERS

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