South Korea: Stocks dip, won gains

[SEOUL] South Korea's Kospi stock index weakened on Tuesday. The Korean won gained while bond yields were flat.

At 00.57 GMT, the Kospi was down 4.53 points or 0.21 per cent at 2,497.14.

The won was quoted at 1,088 per dollar on the onshore settlement platform , 0.06 per cent firmer than its previous close at 1,088.7.

In offshore trading, the won was quoted at 1,086.63 per US dollar, down 0.12 per cent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,083.05 per dollar.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.03 per cent, after US stocks ended the previous session with mild losses . Japanese stocks weakened 0.77 per cent.

The Kospi is up around 23.5 per cent so far this year, and down by 0.47 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 96,317,000 shares, and of the total traded issues of 864, the number of advancing shares was 409.

Foreigners were net sellers of 4,376 million won worth of shares.

The US dollar has fallen 9.92 per cent against the won this year. The won's high for the year is 1,075.71 per dollar on November 29 2017 and low is 1,211.8 on January 3 2017.

In money and debt markets, December futures on three-year treasury bonds fell 0.01 points to108.26.

REUTERS