[SEOUL] South Korea's KOSPI stock index slipped on Tuesday as investors were fretting about an unexpected fall in US construction spending in December. The Korean won weakened, while the benchmark bond yield rose.US construction spending unexpectedly fell in December as investment in both private and public projects dropped, leading economists to expect that the government will trim its economic growth estimate for the fourth quarter.
Shares of companies making masks and air purifiers rallied as fine dust blankets South Korea, while the government enforced emergency measures.The won was quoted at 1,125.6 per dollar on the onshore settlement platform , 0.06 per cent lower than its previous close at 1,124.9. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.25 per cent, after US stocks dropped. Japanese stocks fell 0.42 per cent.
The current price-to-earnings ratio is 12.10, the dividend yield is 1.28 per cent and the market capitalisation is 1,242.04 trillion won.
Source: News Formal (newsformal.com)
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