March 24, 2017 / 2:54 AM / 8 months ago

S.Korea stocks, won subdued, Samsung group shares weaken

    * KOSPI likely to be weighed if Trump fails -analyst
    * Won movement subdued waiting for the vote
    * Samsung shares drop on difficulty to adopt holding company

    SEOUL, March 24 (Reuters) - Most South Korean shares and the
won        showed subdued movement early on Friday, but Samsung
group shares fell, some sharply, after Samsung Electronics Co
Ltd             said it was difficult to adopt a holding company
structure at this time.                            
    Samsung Electronics dropped over 1 percent, while Samsung
C&T Corp             and Samsung SDS Co Ltd             both
plummetted by more than 8 percent.  
    In the broader market investors were waiting to see whether
U.S. President Donald Trump rally his party to push through a
healthcare bill.             
    The healthcare vote is seen as a test for the Trump's
administration that could show its chances of success in pushing
through fiscal measures to support its economic agenda.
    The Korea Composite Stock Price Index (KOSPI)         was
down 0.3 percent at 2,166.58 points as of 0245 GMT.
    The won            stood at 1,123.8 to the dollar, down 0.1
percent from Thursday's close of 1,122.4.
    Kim Ji-hyung, a stock analyst at Hanyang Securities, said.
that if Trump fails to dismantle Obamacare, it will have
negative effects on both U.S. and South Korean stock markets.
    Offshore investors were expected to be small net sellers of
KOSPI shares near mid-session. 
    March futures on three-year treasury bonds         shed 0.04
point to 109.44. 
                       0245 GMT    Prev close
 Dollar/won             1,123.8       1,122.4
 Yen/won             10.0889/70       10.1089
 *KTB futures            109.44        109.47
 KOSPI                 2,166.58      2,172.72
 * Front-month futures on three-year treasury bonds

 (Reporting by Dahee Kim; editing by Simon Cameron-Moore)

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