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Seoul: Stocks fall, snap 4-day winning streak; won steady
[SEOUL] The KOSPI ended down 10.11 points or 0.40 per cent at 2,546.36. The index snapped a four-day winning streak as domestic institutions took profits. The won was quoted at 1,113.09 per US dollar, up about 0.1 per cent on the day, while in one-year non-deliverable forwards it was being transacted at 1,110.29 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 gains. Japanese stocks rose 0.53 per cent.
The KOSPI is up around 26.2 per cent so far this year, and up by 8.07 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 (S$1.5 trillion). The intraday trading volume on the KOSPI index was 521.833 million shares, and of the total traded issues of 873, the number of advancing shares was 344.
Foreigners were net sellers of 1,631 million won worth of shares.
The USdollar has fallen 7.72 per cent against the won this year. The won's high for the year is 1,107.3 per dollar on March 27 and low is 1,211.8 on Jan 3.
In money and debt markets, the Korean three-month Certificate of Deposit benchmark rate was quoted at 1.4 per cent, while the benchmark three-year Korean treasury bond yielded 2.127 per cent, lower than the previous day's 2.14 per cent.