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Seoul: Stocks fall; won firmer

[SEOUL] South Korea's KOSPI stock index weakened on Tuesday. The Korean won rose while bond yields fell.

At 0630 GMT, the KOSPI was down 3.97 points or 0.16 per cent at 2,545.44.

The won was quoted at 1,111.33 per US dollar, up 0.04 per cent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,108.15 per dollar.

The won was quoted at 1,111.9 per US dollar on the onshore settlement platform, where it ended the previous session at 1,115.

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MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.78 per cent, after US stocks ended the previous session with mild gains. Japanese stocks rose 1.73 per cent.

The KOSPI is up around 25.8 per cent so far this year, and up by 6.85 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 228,782,000 shares, and of the total traded issues of 874, the number of advancing shares was 394.

Foreigners were net buyers of 131.3 billion won (S$161 million) worth of shares.

The US dollar has fallen 7.87 per cent against the won this year. The won's high for the year is 1,107.3 per dollar on March 27, 2017 and low is 1,211.8 on Jan. 3, 2017.

In money and debt markets, December futures on three-year treasury bonds rose 0.1 points to107.95.

The Korean three-month Certificate of Deposit benchmark rate was quoted at 1.4 per cent compared with a previous close of 1.4 per cent, while the benchmark three-year Korean treasury bond yielded 2.133 per cent, lower than the previous day's 2.15 per cent.