S.Korean stocks end lower on worries over economic impact from virus
Tuesday, February 18, 2020       14:35 WIB

SEOUL, Feb 18 (Reuters) - Round-up of South Korean financial markets:
South Korean stocks closed 1.5% lower on Tuesday after Apple's revenue warning deepened worries about the economic fallout due to the coronavirus outbreak in China. The Korean won and the benchmark bond yield fell.
The KOSPI ended down 33.29 points, or 1.48%, at 2,208.88, its lowest close since Feb. 10.
Apple Inc warned on Monday it would not meet its revenue forecast for the March quarter as iPhone production and demand in China slowed due to the epidemic.
Undermining the benchmark index further was a fall in South Korean chipmakers on signs of widening rifts between Washington and Chinese tech heavyweight Huawei Technologies.
Samsung Elec and SK Hynix declined nearly 3% each on news that the Trump administration is considering changing U.S. regulations to allow it to block shipments of chips to Huawei Technologies from companies such as Taiwan's TSMC . Foreigners were net sellers of 305.6 billion won ($256.88 million) worth of shares on the main board.
The won was quoted at 1,189.5 per dollar on the onshore settlement platform, 0.47% lower than its previous close at 1,183.9.
In offshore trading, the won was quoted at 1,188.4 per U.S. dollar, down 0.3% from the previous day, while in non-deliverable forward trading, its one-month contract was quoted at 1,188.6 per dollar.
MSCI 's broadest index of Asia-Pacific shares outside Japan was down 1.04%.. Japanese stocks fell 1.40%.
The KOSPI has risen 0.51% so far this year, and gained 3.1% in the previous 30 trading sessions.
The trading volume was 464.88 million shares. Of the total traded issues of 903, the number of advancing shares was 178.
The won has lost 2.8% against the dollar so far this year.
In money and debt markets, March futures on three-year treasury bonds rose 0.14 point to 110.83, while the 3-month Certificate of Deposit rate was quoted at 1.42% in late afternoon trade.
The most liquid 3-year Korean treasury bond yield fell by 5.1 basis points to 1.272% in late afternoon trade, while the benchmark 10-year yield fell by 6.6 basis points to 1.561%.
($1 = 1,189.6400 won)

Sumber : reuters.com

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