South Korean electric, electronic shares fall on weak smartphone demand

LG Innotek Co

20/12/2018 01:08

** South Korea's electric & electronic sub-index  .KS41 
slips more than 1 pct on fragile global smartphone sales 
    ** Leading chipmaker SK Hynix  000660.KS , which supplies to
Apple, loses as much as 3.7 pct to the lowest level since June
2017, while LG Electronics  066570.KS  falls nearly 5 pct to
almost 2-month low
    ** Shares of LG Innotek  011070.KS , another Apple supplier,
decline more than 4 pct to the lowest level since Jan 2017
    ** While global IT demand is stagnant, smartphone sales in
emerging countries are not good especially, says Lee Jong-wook,
analyst at Samsung Securities, adding frozen demand from China
caused by the Sino-U.S. trade spat has worsened the downturn
    ** The broader KOSPI market  .KS11  down 0.7 pct as of 0102
GMT

 ((hayoung.choi.thomsonreuters.com@reuters.net))