April 25, 2024

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[THE INVESTOR] Korean stocks skidded on Dec. 10 as renewed concerns over trade disputes between the United States and China, as well as signs of a global economic slowdown, prompted investors to shun risky assets, experts said. The Korean won declined against the US dollar.

The benchmark KOSPI shed 21.97 points, or 1.06 percent, to 2.053.79. Trading volume was moderate at 335.92 million shares worth 4.53 trillion won (US$4.02 billion), with losers outnumbering gainers 676 to 173.

Foreigner investors dumped a net 270.9 billion won worth of local shares, while institutions and individuals picked up a net 116.4 billion won and 133.7 billion won worth of shares, respectively.

The local currency closed at 1,126.50 won against the US dollar, down 6.70 won from the previous session’s close.

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