Reuters logo
S.Korea stocks fall again on worries about North Korea
September 6, 2017 / 3:02 AM / 13 days ago

S.Korea stocks fall again on worries about North Korea

    * The North says ready to send "more gift packages" to US
    * Shares show mixed movements while eyeing on N.Korea
-analyst
    * Auto shares skid on concerns over China sales

    SEOUL, Sept 6 (Reuters) - South Korean shares, down the past
four sessions, fell again early on Wednesday as worries about
North Korea continued to hurt overall market sentiment.
     Also hurting the market were concerns about China sales for
South Korean automakers. 
     A top North Korean diplomat on Tuesday warned that his
country is ready to send "more gift packages" to the United
States as world powers struggled for a response to Pyongyang's
latest nuclear weapons test.             
    The Korea Composite Stock Price Index (KOSPI)         was
down 0.3 percent at 2,319.31 points as of 0222 GMT.
    The South Korean won            was flat at 1,131.5 against
the dollar. Tuesday's close was 1,131.1.
    "Now that North Korea issues have been underlying in the
markets for quite a while, shares are showing mixed movements
while still closely eyeing further risks from the North," said
Rhoo Yong-seok, a stock analyst at KB Securities.
    The sub-index for transport equipment         fell as much
as 2.2 percent to its weakest since July of 2015 as concerns
about Chinese sales sparked foreign sell-off.             
    Market heavyweight Hyundai Motor             fell as much as
3.3 percent to the lowest intraday level since Dec. 5. On
Tuesday, it said one of its factories in China was halted again
after a German supplier refused to provide parts due to delays
in payment. 
    Affiliate Kia Motors             lost nearly 4 percent to
their lowest level in seven years.
    The sub-index for electric and electronics        , gained
nearly 1 percent with large foreign purchases of SK Hynix
            shares on expectations of stronger third quarter
earnings.
    Decliners outnumbered advancers 472 to 311.
    Offshore investors sold a net 159.5 billion won ($140.98
million) of KOSPI shares near mid-session. 
    September futures on three-year treasury bonds        
gained 0.05 point to 109.27. 
    
                       0222 GMT    Prev close
 Dollar/won             1,131.5       1,131.1
 Yen/won             10.4075/31       10.3971
 *KTB futures            109.27        109.22
 KOSPI                 2,319.31      2,326.62
 * Front-month futures on three-year treasury bonds
    

 (Reporting by Dahee Kim; Editing by Richard Borsuk)
  

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below