S.Korean stocks sink as worries over iPhone sales hit Apple suppliers

LG Innotek Co

13/11/2018 02:28

* KOSPI index slumps 1.6 pct, foreigners sell
    * Korean won weakens versus U.S. dollar
    * South Korean bond yields down

    SEOUL, Nov 13 (Reuters) - Round-up of South Korean financial
markets:
** South Korea's KOSPI stock index  .KS11  slumped on Tuesday,
as worries over iPhone sales hit several suppliers of Apple Inc
 AAPL.O . The Korean won slipped versus the U.S. dollar and bond
yields fell as well.
 
** At 02:25 GMT, the KOSPI was down 32.93 points or 1.58 percent
at 2,047.51.
    
** Apple shares fell on Monday amid sharp declines in shares of
its suppliers such as Lumentum Holdings Inc  LITE.O , and
chipmakers that sell to Apple such as Cirrus Logic Inc  CRUS.O .
 urn:newsml:reuters.com:*:nL4N1XN4QW  urn:newsml:reuters.com:*:nL2N1XN1A6
    
** South Korean companies that sell to Apple, such as Samsung
Electronics  005930.KS  and SK Hynix  000660.KS  dropped 2.7
percent and 4.8 percent, respectively, while LG Innotek
 011070.KS  plunged 8.9 percent.  urn:newsml:reuters.com:*:nL4N1XO06T
 
** The won was quoted at 1,137.8 per dollar on the onshore
settlement platform  KRW=KFTC , 0.34 percent weaker than its
previous close at 1,133.9. 
 
** In offshore trading, the won  KRW=  was quoted at 1,138.79
per U.S. dollar, down 0.04 percent from the previous day, while
in one-year non-deliverable forwards  KRWNDFOR=  it was being
transacted at 1,118.65 per dollar. 
 
** MSCI's broadest index of Asia-Pacific shares outside Japan
 .MIAPJ0000PUS  was down 1.65 percent, after U.S. stocks ended
the previous session with mild losses  MKTS/GLOB . Japanese
stocks  .N225  weakened 3.11 percent. 
 
** The KOSPI is down around 15.7 percent so far this year, and
down by 11.67 percent in the previous 30 days.
 
** The current price-to-earnings ratio is 12.10, the dividend
yield is 1.28 percent and the market capitalisation is 1,242.04
trillion won. 
 
** The trading volume during the session on the KOSPI index
 .KS11  was 150,140,000 shares and, of the total traded issues
of 890, the number of advancing shares was 87.
 
** Foreigners were net sellers of 91,640 million won worth of
shares.
 
** The U.S. dollar has risen 6.79 percent against the won this
year. The won's high for the year is 1,053.55 per dollar on
April 2 2018 and low is 1,146.26 on October 11 2018.
 
** In money and debt markets, December futures on three-year
treasury bonds  KTBc1  rose 0.06 points to 108.81.
 
** The Korean 3-month Certificate of Deposit benchmark rate was
quoted at 1.7 percent, while the benchmark 3-year Korean
treasury bond yielded 1.935 percent, lower than the previous
day's 1.94 percent.

 (Reporting by Hayoung Choi; Editing by Amrutha Gayathri)
 ((hayoung.choi@thomsonreuters.com;))