April 27, 2024

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[THE INVESTOR] Korean stocks closed lower on Nov. 20 after rising to a four-week high in the previous session as overnight losses on Wall Street, where investors were concerned over trade tension between Washington and Beijing, analysts said.

The Korean currency gained ground against the US dollar.

The benchmark KOSPI fell 17.98 points, or 0.86 percent, to 2082.58. Trading volume was relatively light at 274 million shares worth 4.8 trillion won (US$4.26 billion), with losers outnumbering gainers 535 to 282.

Foreigners offloaded a net 255 billion won, becoming net seller for the sixth consecutive session, while retail investors bought a net 168 billion won. Institutions bought more shares than they sold at 90 billion won.

The Korean currency ended at 1,125.80 won against the US dollar, up 2.80 won from the previous session.

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