April 23, 2024

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[THE INVESTOR] Korean stocks closed lower on Oct. 1 as investors took a wait-and-see stance on the uncertainties sparked by the trade dispute between the United States and China, analysts said. The Korean won fell against the US dollar.

The benchmark KOSPI surrendered 4.19 points, or 0.18 percent, to close at 2,338.88.

Trading volume was light at 272 million shares worth 5.4 trillion won (US$4.8 billion) changing hands, with losers outnumbering gainers 471 to 352.

Overseas investors sold a net 48.6 billion won worth of shares on the main exchange, while individual investors scooped up a net 128 billion won. Institutions offloaded a net 94 billion won.

The local currency closed at 1,111.80 won against the US dollar, down 2.50 from the last trading session.

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