April 26, 2024

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[THE INVESTOR] The  Korean stock market extended its losing streak to four-straight sessions on Nov. 23 as lingering uncertainties over US-China trade issues made investors more cautious, analysts said. The Korean currency declined against the US dollar.

The benchmark KOSPI shed 12.47 points, or 0.60 percent, to 2,057.48. Trading volume was light at 221.5 million shares worth 3.69 trillion won (US$3.26 billion), with losers outnumbering gainers 595 to 233.

Institutional investors offloaded a net 138.3 billion won worth of local shares, while foreigners scooped up a net 31.9 billion won, the first time since Nov. 12 that foreign investors turned to net buyers.

The Korean won closed at 1,130.5 won against the US dollar, down 1.30 won from the previous session’s close.

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