April 16, 2024
Market Now
Seoul stocks end lower on US belt tightening
[THE INVESTOR] Korean stocks ended lower on Nov. 9 as investors took a breather amid signals of tighter monetary policy in the United States. The Korean currency weakened against the US dollar.
The benchmark KOSPI shed 6.54 points, or 0.31 percent, to close at 2,086.09. Trading volume was relatively light at 292.94 million shares worth 5.15 trillion won (US$4.57 billion), with losers outnumbering winners 463 to 363.
Institutions unloaded shares worth 288.3 billion won, offsetting the buying by retail and foreign investors who scooped up 225 billion won and 31.3 billion won of local shares, respectively.
The Korean currency closed at 1,128.30 won against the US dollar, down 11 won from the previous session.
By Song Seung-hyun and newswires (ssh@heraldcorp.com)
