▶주메뉴 바로가기

▶본문 바로가기

The Korea Herald
검색폼

THE INVESTOR
March 29, 2024

Stocks & Bonds

Seoul stocks slump on Italian crisis, US-China trade row

  • PUBLISHED :May 30, 2018 - 16:19
  • UPDATED :May 30, 2018 - 16:19
  • 폰트작게
  • 폰트크게
  • facebook
  • sms
  • print

[THE INVESTOR] Korean stocks dropped nearly 2 percent on May 30, as investors were spooked by Italy’s political crisis and the revived trade tensions between the United States and China, analysts said. The Korean won fell against the US dollar.

The benchmark KOSPI shed 48.22 points, or 1.96 percent, to close at 2,409.03. Trade volume was large at 563.4 million shares worth 8.8 trillion won (US$8.15 billion), with losers overwhelming gainers 629 to 222.

Foreign and institutional investors dumped a net 656 billion won and 429 billion won worth of local stocks, respectively, while retail investors bought a net 1 trillion won.

Market heavyweights declined across the board, with top cap Samsung Electronics plunging 3.51 percent to 49,500 won to mark the third straight session of losses.

Bank shares were bearish, with KB Financial Group dipping 4.03 percent to 52,400 won and Shinhan Financial Group retreating 3.24 percent to 44,750 won.

No. 1 carmaker Hyundai Motor lost 1.79 percent to 137,500 won, and its auto parts affiliate Hyundai Mobis fell 2.22 percent to 220,500 won.

SK hynix, a major chipmaker, gained 0.21 percent to 95,000 won, and LG Electronics remained unchanged at 96,100 won.

The local currency closed at 1,080.90 won against the US dollar, down 4.10 won from the previous session’s close.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)

EDITOR'S PICKS