April 20, 2024

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[THE INVESTOR] Korean stocks fell for a second day on Dec. 21 as investors were increasingly jittery about global economic growth and a possible government shutdown in the United States, analysts said. The Korean won firmed against the US dollar.

The benchmark KOSPI shed 1.37 points, or 0.07 percent, to 2,061.49. Trading volume was slim at 304.92 million shares worth 5.38 trillion won (US$4.79 billion), with losers beating winners 445 to 381.

Foreign investors remained on edge a day after the US Federal Reserve raised its key rate and projected a less dovish outlook on monetary policy than investors had expected.

The local currency closed at 1,122.40 won against the US dollar, up 5.40 won from the previous session.

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