April 27, 2024
Market Now
Seoul stocks close lower on lingering trade woes
[THE INVESTOR] Korean stocks retreated on Sept. 11 as investors remain guarded over lingering trade tension between the United States and China, and rising uncertainties in emerging markets. The Korean won firmed against the greenback.
The benchmark KOSPI shed 5.46 points, or 0.24 percent, to close at 2,283.2. Trade volume was moderate at 361.47 million shares worth 5.7 trillion won (US$5.06 billion), with winners beating losers 462 to 342.
Foreigners and institutions each offloaded a net 199.29 billion won and 51.62 billion won worth of local stocks, while retail investors purchased a net 191.41 billion won to offset part of the losses.
The local currency closed at 1,125.30 won against the US dollar, up 3.10 won from the previous session.
By Song Seung-hyun and newswires (ssh@heraldcorp.com)
