Korean stocks finished nearly unchanged on Jan. 17 as investors took a breather following solid gains in recent sessions amid renewed concerns over global trade frictions, analysts said. The Korean won weakened against the US dollar.
The benchmark KOSPI added 0.96 points, or 0.05 percent, to 2.107.06, extending its winning streak to a third straight session. Trading volume was moderate at 464.81 million shares worth 5.66 trillion won (US$5.05 billion), with losers outnumbering gainers 520 to 303.
Foreigners were on a buying mode for a seventh session by picking up shares worth 232.3 billion won, but institutions and retail investors sold off shares worth 205.1 billion won and 16.5 billion won, respectively, limiting the upswing.
The local currency closed at 1,122.5 won against the US dollar, down 2.4 won from the previous session’s close.
By Song Seung-hyun and newswires (email@example.com