September 18, 2018 / 7:31 AM / 3 months ago

S.Korean stocks, won end firmer as investors shrug off fresh tariffs

* KOSPI index gains, foreigners sell

* Korean won edges up against dollar

* South Korea bond yields were down

* For the midday report, please click

SEOUL, Sept 18 (Reuters) - Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index closed higher on Tuesday in line with other Asian shares as Chinese markets largely shrugged off Washington’s fresh round of trade tariffs. The Korean won rose, while bond yields slipped.

** China’s commerce ministry said on Tuesday it has no choice but to retaliate against the U.S. tariffs, warning intensified tensions between the two biggest economies.

** At 0630 GMT, the KOSPI ended up 5.97 points or 0.26 percent at 2,308.98. Samsung BioLogics closed 4.3 percent higher and Samsung SDI ended 3.5 percent firmer. Shares of LG Electronics closed 4 percent lower, marking their lowest close since Aug 3, 2017, while tech giant Samsung Electronics edged 0.8 percent higher. ** The won was quoted at 1,123.2 per dollar on the onshore settlement platform, 0.3 percent firmer than its previous close at 1,126.6.

** China’s blue chip index climbed 2 percent, while Japan’s Nikkei gained 1.4 percent. ** In offshore trading, the won was quoted at 1,123.07 per U.S. dollar, up 0.2 percent from the previous session, while in one-year non-deliverable forwards it was being transacted at 1,106.2 per dollar. ** MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.36 percent after U.S. stocks ended the previous session with mild losses. Japanese stocks climbed 1.41 percent. ** The KOSPI fell 6.7 percent so far this year, and rose 0.67 percent in the previous 30 days. ** 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 301,522,000 shares and, of the total traded issues of 897, the number of advancing shares was 326. ** Foreigners were net sellers of 10,945 million won worth of shares. ** The U.S dollar rose 5.36 percent against the won this year. The won’s high for the year is 1,053.55 per dollar on April 2, 2018 and low is 1,140.4 on July 19, 2018. ** In money and debt markets, September futures on three-year treasury bonds rose 0.01 points to 108.78. ** The Korean 3-month Certificate of Deposit benchmark rate was quoted at 1.65 percent, while the benchmark 3-year Korean treasury bond yielded 1.987 percent, higher than the previous day’s 1.97 percent. (Reporting by Joori Roh, Editing by Sherry Jacob-Phillips)

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