April 20, 2024
Market Now
Seoul shares end down on large-cap losses
[THE INVESTOR] Korean stocks ended down on Dec. 4 as investors offloaded large-cap stocks amid eased trade tensions between the United States and China. The won rose against the US dollar.
The benchmark KOSPI fell 17.58 points, or 0.82 percent, to 2,114.35. Trading volume was moderate at 498.74 million shares worth 5.43 trillion won (US$4.90 billion), with losers outnumbering winners 433 to 393.
Institutional investors sold a net 361 billion won worth of stocks on profit-taking after the main index jumped 1.7 percent a session earlier. But foreigners and individuals bought a net 341 billion won stocks.
The local currency traded at 1,105.30 won against the US dollar, up 5.40 won from the previous session’s close.
By Song Seung-hyun and newswires (ssh@heraldcorp.com)
