April 20, 2024
Market Now
Seoul stocks close tad lower on institutional selling
[THE INVESTOR] Korean stocks finished slightly lower on Aug. 30, snapping a nine-day rally as institutional buyers offloaded large-cap shares, partially offsetting heavy buying by foreigners. The Korean won gained ground against the US dollar.
The benchmark KOSPI inched down 1.68 points, or 0.07 percent, to close at 2,307.35. Trade volume was light at 281.98 million shares worth 5.1 trillion won (US$4.60 billion) changing hands, with gainers outpacing losers 420 to 392.
Institutions offloaded a net 317.3 billion won while foreign and individual investors purchased a net 218.8 billion won and 65.1 billion won, respectively.
The local currency closed at 1,108.60 won against the US dollar, up 1.60 won from the last session’s close.
By Song Seung-hyun and newswires (ssh@heraldcorp.com)
