April 27, 2024

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[THE INVESTOR] Korean shares finished lower on June 21 as institutional and foreign investors offloaded large-cap shares amid persistent fears over a trade friction between the United States and China. The Korean won fell against the US dollar.

The benchmark KOSPI shed 26.08 points, or 1.1 percent, to finish at 2,337.83 Trade volume was moderate at 430 million shares worth 6.6 trillion won (US$6 billion), with losers outnumbering gainers 662 to 193.

Offshore and institutional investors dumped 129.4 billion won and 310.7 billion won worth of local shares, respectively, while retailers picked up 409.3 billion won.

The Korean currency closed at 1,112.80 won against the US dollar, down 7.70 won from the previous session’s close.

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