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REFILE-S.Korea stocks, won crawl at 4-wk lows on geopolitical risks
April 11, 2017 / 2:50 AM / in 3 months

REFILE-S.Korea stocks, won crawl at 4-wk lows on geopolitical risks

2 Min Read

 (Fixes headline)
    * KOSPI, won both set for 6th consecutive day of falls
    * KOSPI trading to remain subdued until late April -analyst

    SEOUL, April 11 (Reuters) - South Korean shares and won
       were set to mark six straight sessions of declines and
lingered at four-week lows early on Tuesday as market demand
remained subdued amid lingering concerns about geopolitical
risks.
    The Korea Composite Stock Price Index (KOSPI)         was
down 0.6 percent at 2,121.16 points as of 0227 GMT after
touching its weakest intraday level since March 13.
    The won            was quoted at 1,147.4 against the dollar,
the lowest since March 15. It was down 0.5 percent from Monday's
close of 1,142.2.
    Bae Sung-young, a stock analyst at KB Securities said
overall, markets seem to be taking a breather after several
global events and predicted that such calm may last in the
short-term.
    "The KOSPI will remain in a tight range until late April
since market players are likely to hold their breath, checking
first quarter earnings from companies," he added.
    Foreign investors were poised to mark a seventh consecutive
stock-selling session, but their net selling amount remained
small near mid-session.
    Web portal Naver Corp             dropped more than 5
percent on expectations that the company's first-quarter
earnings will be weaker.
    Hyundai Motor             lost 1.3 percent. 
    Decliners outnumbered advancers 499 to 267.
    June futures on three-year treasury bonds         gained
0.06 point to 109.30.
    
                       0227 GMT    Prev close
 Dollar/won             1,147.4       1,142.2
 Yen/won             10.3644/83       10.2962
 *KTB futures            109.30        109.24
 KOSPI                 2,121.16      2,133.32
 * Front-month futures on three-year treasury bonds

 (Reporting by Dahee Kim; Editing by Sam Holmes)
  

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