April 25, 2024

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[THE INVESTOR] Korean stocks inched down on Sept. 12 as foreigners braced for the brewing trade tension and potential economic tumult in emerging markets. The Korean won firmed against the greenback.

The benchmark KOSPI shed 0.28 point, or 0.01 percent, to close at 2,282.92. Trade volume was moderate at 331.03 million shares worth 6.27 trillion won (US$5.56 billion), with losers beating winners 454 to 364.

Foreigners offloaded a net 414.76 billion won worth of local stocks to weigh down the market. Institutions and retail investors bought a net 195.5 billion won and 187.06 billion won worth of stocks, respectively.

The local currency closed at 1,128.60 won against the US dollar, down 3.30 won from the previous session.

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