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South Korea: Stocks edge up, won weakens


[SEOUL] South Korea's Kospi stock index rose on Wednesday. The Korean won fell while bond yields were flat

At 00:40 GMT, the kospi was up 4.34 points or 0.17 per cent at 2,540.94.

The won was quoted at 1,071.7 per dollar on the onshore settlement platform, 0.14 per cent weaker than its previous close at 1,070.2.

In offshore trading, the won was quoted at 1,071.05 per US dollar, up 0.17 per cent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,061.05 per dollar.

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MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.04 per cent, after US stocks ended the previous session with mild gains. Japanese stocks weakened 0.28 per cent.

The Kospi is up around 2.8 per cent so far this year, and up by 3.03 per cent in the last 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 81,919,000 shares, and of the total traded issues of 872, the number of advancing shares was 448.

Foreigners were net buyers of 48,057 million won worth of shares.

The US dollar has risen 0.44 per cent 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 1,077.2 on January 23 2018.

In money and debt markets, March futures on three-year treasury bonds rose 0.05 points to107.79.


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