S.Korea stocks rebound on brisk U.S. data

* KOSPI index gains, foreigners net buyers
* Korean won steady versus U.S. dollar
* South Korea benchmark bond yield rises

SEOUL, April 19 (Reuters) - Round-up of South Korean
financial markets:

** South Korea's KOSPI stock index rebounded on Friday
after a loss in previous session, as investor sentiment improved
following robust U.S. economic data and brisk corporate earnings
reports. The Korean won held steady while the benchmark bond
yield rose.

** As of 0206 GMT, the Seoul stock market's main KOSPI index
rose 5.19 points or 0.23 percent to 2,218.96. For the week, the
index is seen shrinking about 0.6 percent.

** U.S. retail sales increased by the most in 1-1/2 years in
March as households boosted purchases of motor vehicles and a
range of other goods, the latest indication that economic growth
picked up in the first quarter after a false start.

** The initial earnings results of this reporting period are
beating expectations by a wide margin, suggesting to some
investors that the S&P 500 may be able to avoid a so-called
"profit recession" this year because predicted economic bad news
has failed to materialize.

** Foreigners were net buyers of 10.4 billion won worth of
shares on the main board.

** The won was quoted at 1,136.9 per dollar on the onshore
settlement platform , unchanged from its previous
close.

** In offshore trading, the won was steady at 1,136.5 per
U.S. dollar, while in one-year non-deliverable forward trading
its one-month contract was quoted at 1,136.0 per
dollar.

** MSCI's broadest index of Asia-Pacific shares outside Japan
was up 0.08 percent, after U.S. stocks closed in
positive territory . Japanese stocks rose
0.56 percent.

** The KOSPI has risen 8.68 percent so far this year, and has
gained 2.2 percent in the previous 30 trading sessions.

** The current price-to-earnings ratio is 12.10, the dividend
yield is 1.28 percent and the market capitalisation is 1,242.04
trillion won.

** The trading volume during the session on the KOSPI index
was 181.80 million shares and, of the total traded
issues of 892, the number of advancing shares was 506.

** The won has lost 1.9 percent against the U.S dollar this
year.

** In money and debt markets, June futures on three-year
treasury bonds fell 0.03 points to 109.44, while the
3-month Certificate of Deposit rate was quoted at 1.86 percent.

** The most liquid 3-year Korean treasury bond yield rose by 1.3
basis points to 1.753 percent, while the benchmark 10-year yield
increased 1.5 basis points to 1.907 percent.

(Reporting by Hayoung Choi; Editing by Shreejay Sinha)


2019-04-19 04:14:34

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