April 26, 2024

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[THE INVESTOR] Korean stocks fell 1.16 percent on June 18 to continue a four-day losing streak as foreign investors sold off large-cap shares amid heightened worries over a US-China trade war. The Korean won lost ground against the US dollar.

The benchmark KOSPI retreated 27.8 points to close at 2,376.24. Trade volume was modest at 240.04 million shares worth 5.58 trillion won (US$5.05 billion), with losers far outnumbering gainers 681 to 172.

Foreigners and individuals offloaded a net 321.2 billion won and 111.5 billion won worth of local stocks, respectively, while institutions were net buyers, snatching up 429 billion won.

The local currency closed at 1,104,80 won against the US dollar, down 7.10 won from the previous session’s close.

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