April 26, 2024

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[THE INVESTOR] Korean stocks finished slightly lower on Dec. 11 on a heavy sell-off by foreign investors amid persistent concerns over global trade frictions and an economic slowdown, experts said. The Korean won declined against the US dollar.

The benchmark KOSPI shed 0.82 points, or 0.04 percent, to 2.052.97. Trading volume was light at 267.01 million shares worth 4.91 trillion won (US$4.35 billion), with losers outnumbering gainers 587 to 254.

Foreigner investors dumped a net 190.9 billion won worth of local shares, outweighing buying by retailers and institutions worth a net 61.5 billion won and 121.1 billion won, respectively.

The local currency closed at 1,131.1 won against the US dollar, down 3.6 won from the previous session’s close.

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