Seoul: Stocks rebound as foreigners turn net buyers; won rises

[SEOUL] South Korea's Kospi stock index rose slightly on Tuesday as foreigners turned net buyers following a sharp decline in the previous session. The Korean won edged higher against the dollar and the benchmark bond yield rose. The Seoul stock market's main Kospi closed up 3.94 points or 0.18 per cent to 2,148.80 points.

Shares of Asiana Airlines and its biggest shareholder Kumho Industrial plunged 15 per cent and 25.9 per cent, respectively, as the airline revised its accounts that widened its annual loss. Foreigners were net buyers of 40.2 billion won worth of shares on the main board, while individuals also bought 154.5 billion won worth of shares.

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.

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