S.Korean suppliers for Apple rise ahead of new iPhone release in Sept

LG Innotek Co

06/07/2018 05:27

** Shares of South Korean smartphone components suppliers
leap on expectations ahead of Apple's  AAPL.O  new iPhone
release scheduled in September
    ** Domestic suppliers for Apple include battery maker
Samsung SDI  006400.KS , multi-layer ceramic capacitor (MLCC)
supplier Samsung Electro-Mechanics  009150.KS  and camera module
manufacturer LG Innotek  011070.KS 
    ** The rise in shares reflect investor sentiment ahead of
the release of much expected new iPhone, says Kwak Young-hoon,
an analyst at Yuanta Securities 
    ** Samsung SDI jumps 4.7 pct while Samsung Electro-Mechanics
and LG Innotek rises 3.9 pct and 7.2 pct, respectively
    ** Samsung Electronics  005930.KS  and LG Electronics
 066570.KS  down 2.1 pct and 3.7 pct each
    ** The sub-index for electric and electronics shares  .KS41 
tumbles 1.5 pct
    ** Broader market  .KS11  down 0.3 as of 0415 GMT

 ((Reuters Messaging:joori.roh@thomsonreuters.com))