April 19, 2024

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[THE INVESTOR] Korean stocks tumbled for the fifth session straight to hit a nine-month low on June 19 as foreign investors dumped large-cap shares after US President Donald Trump threatened additional tariffs on Chinese goods. The Korean won lost ground against the US dollar.

The benchmark KOSPI retreated 36.13 points, or 1.52 percent, to close at 2,340.11. Trade volume was modest at 500 million shares worth 7.9 trillion won (US$7.20 billion), with losers far outnumbering gainers 717 to 137.

Foreigners offloaded a net 215.9 billion won worth of local stocks while individuals and institutions were net buyers, snatching up 34.2 billion won and 139.7 billion won, respectively.

The local currency closed at 1,109.10 won against the US dollar, down 4.30 won from the previous session’s close.

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