The Financial Express
Swasti Lankabangla Swasti Lankabangla

South Korean stocks rebound, won firms

Representational image (Collected) Representational image (Collected)

South Korean stock index rose on Friday, while the Korean won edged up and bond yields rose.

The benchmark index rebounded after slipping due to heavy profit-taking by local institutions on Thursday.

At 01:20 GMT, the KOSPI was up 13.16 points or 0.53 per cent at 2,479.62, reports Reuters.

The won was quoted at 1,062.3 per dollar on the onshore settlement platform, 0.01 per cent weaker than its previous close at 1,062.2.

In offshore trading, the won was quoted at 1,061 per US dollar, up 0.07 per cent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,052.75 per dollar.

The KOSPI is flat so far this year, and down by 2.42 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 95,377,000 shares, and of the total traded issues of 875, the number of advancing shares was 470.

Foreigners were net buyers of 1,032 million won worth of shares.

The US dollar has fallen 0.55 per cent against the won this year. The won's high for the year is 1,060.35 per dollar on January 2 2018 and the low is 1,068.3 on January 4 2018.

In money and debt markets, March futures on three-year treasury bonds rose 0.02 points to 107.89.

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