AIRLINK 62.48 Increased By ▲ 2.05 (3.39%)
BOP 5.36 Increased By ▲ 0.01 (0.19%)
CNERGY 4.58 Decreased By ▼ -0.02 (-0.43%)
DFML 15.50 Increased By ▲ 0.66 (4.45%)
DGKC 66.40 Increased By ▲ 1.60 (2.47%)
FCCL 17.59 Increased By ▲ 0.73 (4.33%)
FFBL 27.70 Increased By ▲ 2.95 (11.92%)
FFL 9.27 Increased By ▲ 0.21 (2.32%)
GGL 10.06 Increased By ▲ 0.10 (1%)
HBL 105.70 Increased By ▲ 1.49 (1.43%)
HUBC 122.30 Increased By ▲ 4.78 (4.07%)
HUMNL 6.60 Increased By ▲ 0.06 (0.92%)
KEL 4.50 Decreased By ▼ -0.05 (-1.1%)
KOSM 4.48 Decreased By ▼ -0.09 (-1.97%)
MLCF 36.20 Increased By ▲ 0.79 (2.23%)
OGDC 122.92 Increased By ▲ 0.53 (0.43%)
PAEL 23.00 Increased By ▲ 1.09 (4.97%)
PIAA 29.34 Increased By ▲ 2.05 (7.51%)
PIBTL 5.80 Decreased By ▼ -0.14 (-2.36%)
PPL 107.50 Increased By ▲ 0.13 (0.12%)
PRL 27.25 Increased By ▲ 0.74 (2.79%)
PTC 18.07 Increased By ▲ 1.97 (12.24%)
SEARL 53.00 Decreased By ▼ -0.63 (-1.17%)
SNGP 63.21 Increased By ▲ 2.01 (3.28%)
SSGC 10.80 Increased By ▲ 0.05 (0.47%)
TELE 9.20 Increased By ▲ 0.71 (8.36%)
TPLP 11.44 Increased By ▲ 0.86 (8.13%)
TRG 70.86 Increased By ▲ 0.95 (1.36%)
UNITY 23.62 Increased By ▲ 0.11 (0.47%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,944 Increased By 65.8 (0.96%)
BR30 22,827 Increased By 258.6 (1.15%)
KSE100 67,142 Increased By 594.3 (0.89%)
KSE30 22,090 Increased By 175.1 (0.8%)

SEOUL: Round-up of South Korean financial markets:   South Korean shares closed nearly 1% higher on Friday as a stabilised Chinese yuan supported sentiment, but fresh concerns over the Sino-U.S. bruising tariff tussle capped further gains. The Korean won weakened, while the benchmark bond yield rose.

** China's yuan dipped against the dollar as traders awaited Beijing and Washington's next moves in their trade tariff dispute, taking a breather after a rapid sell-off earlier this week that sparked fears of an all-out currency war.

** Lingering worries over their trade spat capped gains of Asian stocks after Bloomberg reported that Washington is delaying a decision about licences for U.S. firms to restart trade with Huawei Technologies.

** China lowered its official yuan midpoint yet again, but the pace of its weakness has slowed, while the won has stabilised a bit, said Noh Dong-kil, an analyst at NH Investment and Securities. Given the U.S. delay on Huawei, it's hard to say sentiment is positive, he added.

** The Seoul stock market's main KOSPI closed up 17.14 points or 0.89% at 1,937.75 points.

** The won was quoted at 1,210.5 per dollar on the onshore settlement platform, 0.11% lower than its previous close at 1,209.2.

** The benchmark index and the Korean won ended lower for a third consecutive week, dropping 3% and 1% from the previous week, respectively.

** Shares of YG Entertainment ended down 11% after the police launched a preliminary investigation into the company's founder on suspected criminal activity related to gambling.

** Shares of South Korean cosmestic firm Kolmar Korea  lost 4.9% after its chairman showed employees a video praising Japan's prime minister amid a bitter trade row between the two Asian nations.

** Foreigners were net sellers of 1.9 billion won ($1.57 million) worth of shares on the main board.

** In offshore trading, the won was quoted at 1,209.9 per U.S. dollar, down 0.2% from the previous session, while in non-deliverable forward trading its one-month contract  was quoted at 1,208.9 per dollar.

** MSCI's broadest index of Asia-Pacific shares outside Japan  was up 0.23%, after U.S. stocks jumped. Japanese stocks rose 0.44%.

** The KOSPI dropped 5.06% so far this year, and lost 10.0% in the previous 30 trading sessions.

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

** The trading volume during the session in the KOSPI index  was 644.23 million shares and, of the total traded issues of 894, the number of advancing shares was 535.

** The won lost 7.8% against the U.S dollar so far this year.

** In money and debt markets, September futures on three-year treasury bonds fell 0.08 points to 111.18, while the 3-month Certificate of Deposit rate was quoted at 1.49%.

** The most liquid 3-year Korean treasury bond yield rose by 2.1 basis points to 1.186%, while the benchmark 10-year yield rose by 1.6 basis points to 1.285%.

Copyright Reuters, 2019
 

Comments

Comments are closed.