April 27, 2024

• 

[THE INVESTOR] Korean shares on Aug. 20 ended in positive territory after trimming earlier gains as foreigners offloaded local stocks amid growing worries over trade friction between the United States and China. The Korean won rose against the US dollar.  

The benchmark KOSPI edged up 0.83 point, or 0.04 percent, to close at 2,247.88. Trading volume was light at 267.7 million shares worth 4.31 trillion won (US$3.80 billion), with gainers outnumbering decliners 442 to 372.

Institutional investors bought a net 8.5 billion won worth of stocks. Foreigners and individuals sold a combined 61.6 billion won worth of stocks, keeping the KOSPI index from rising further.

The Korean currency closed at 1,123.10 won against the US dollar, up 1.80 won from the previous trading session.

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