ANN/THE KOREA HERALD – Seoul stocks concluded with a decline tracking losses on Wall Street.
The Korean won saw a decrease in value against the US dollar. The benchmark Korea Composite Stock Price Index fell 18.54 points, or 0.73 per cent, to close at 2,519.14.
Trading volume was moderate at 569.76 million shares worth KRW8.19 trillion (USD6.2 billion), with decliners outnumbering gainers 488 to 367.
Institutions and foreigners sold a combined KRW369 billion worth of stocks, offsetting individuals’ stock selling valued at KRW381 billion.
Overnight, the Dow Jones Industrial Average fell 1.1 per cent, and the tech-heavy Nasdaq Composite declined 1.9 per cent.
In Seoul, most large-cap stocks were mixed. Market heavyweight Samsung Electronics fell 1.6 per cent to KRW67,100, number two chipmaker SK hynix dropped 3.6 per cent to KRW116,500, national flag carrier Korean Air Co shed 0.9 per cent to KRW23,150, and top carmaker Hyundai Motor Co was down 0.1 per cent to KRW186,200.
Among gainers, leading battery maker LG Energy Solution rose 2.1 per cent to KRW546,000, leading cosmetics firm AmorePacific Corp gained 2.1 per cent to KRW546,000, and leading wireless services provider SK Telecom Co was up 0.1 per cent at KRW47,150. The local currency closed at KRW1,325.20 against the US dollar, down KRW2.6 from the previous session’s close.
