December 9, 2016 / 2:36 AM / 10 months ago

S.Korea won, stocks slip ahead of impeachment vote

* KOSPI loses ground ahead of parliamentary vote to impeach
Park
    * Political uncertainties are discouraging investors
-analyst

    SEOUL, Dec 9 (Reuters) - The South Korean won and
shares slipped early on Friday as investors turned jittery over
a parliamentary vote to impeach President Park Geun-hye due
later in the afternoon.
    The won was down 0.81 percent at 1,167.80 per
dollar as of 0215 GMT, set to snap three days of gains. 
    The Korea Composite Stock Price Index (KOSPI) was
down 0.45 percent at 2,021.99 points, having struck a more than
6-week high on Thursday. 
    Parliament is expected to vote in favour of impeaching Park
over an influence peddling scandal, but the Constitutional Court
must uphold the motion for her to be removed from office, a
process that could take up to 180 days.  
    "Today's market is all about the impeachment vote, it
seems," said Kim Do-un, a currency analyst at Hana Futures.
"Investors are discouraged over the outburst of political
uncertainties, which won't be resolved until the court ruling is
over."
    Foreign investors net purchased 22.5 billion won  ($19.29
million) worth of KOSPI shares near mid-session, supporting the
index.
    Decliners outnumbered advancers 406 to 392.
    December futures on three-year treasury bonds were down 0.08
points at 109.33. 
    
                       0215 GMT    Prev close
 Dollar/won             1,167.8       1.158.5
 Yen/won                10.1992       10.1821
 *KTB futures            109.33        109.42
 KOSPI                 2,021.99      2,031.07
 * Front-month futures on three-year treasury bonds


($1 = 1,166.6300 won)

 (Reporting by Cynthia Kim; Editing by Simon Cameron-Moore)

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