South Korea's KOSPI stock index dropped on Friday in line with Chinese markets, in its fourth straight session of losses. The Korean won and bond yields also slipped. The KOSPI was down 12.47 points, or 0.60 per cent, at 2,057.48. For the week, the main index had lost 1.7 per cent.
South Korean markets became bearish tracking Chinese stocks following the Chinese Vice Commerce Minister said Beijing hopes Sino-U.S. trade talk to be equal and mutually beneficial.
The won was quoted at 1,130.5 per dollar on the onshore settlement platform, 0.11 per cent weaker than its previous close at 1,129.2. The Korean won weakened 0.2 per cent on weekly basis, marking the third consecutive week of decline.
In offshore trading, the won was quoted at 1,130.26 per U.S. dollar, up 0.05 percent from the previous day, while in one-year non-deliverable forwards it was being transacted at 1,109.3 per dollar.