April 19, 2024

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Korea’s main bourse closed lower on March 6 on institutional selling amid a lack of fresh market-moving leads and lingering uncertainties over a trade deal between the United States and China, analysts said. The local currency weakened against the greenback.

The benchmark KOSPI shed 3.63 points, or 0.17 percent, to finish at 2,175.60. Trading volume was slim at 320.1 million shares worth 4.69 trillion won (US$4.16 billion), with losers outnumbering gainers 464 to 366.  

Foreign and institutional investors sold off a net 10.1 billion won and 73.1 billion won worth of local shares, respectively, while individuals picked up shares worth 63.7 billion won.  

The local currency closed at 1,128.80 won against the US dollar, down 3.3 won from the previous session.

By Ram Garikipati and newswires (ram@heraldcorp.com)