S. Korean shares snap 3
South Korean shares closed lower Friday to end their three-day winning streak amid speculation that the Federal Reserve may end its aggressive rate hike campaign on eased inflation woes. The local currency closed unchanged against the US dollar.
The benchmark Korea Composite Stock Price Index fell 18.33 points, or 0.74 percent, to close at 2,469.85.
Trade volume was slim at 382.7 million shares worth 7.9 trillion won ($6.13 billion), with losers outnumbering gainers 614 to 269.
Foreigners sold a net 80.3 billion won worth of local shares, while institutions scooped up a net 293.2 billion won. Individual investors sold a net 241.2 billion won worth of shares.
Local shares kicked off weaker as investors sat on the sidelines amid speculation that the US economy is cooling.
Data showed that the unemployment benefit claims in the world's largest economy have reached the highest level in three months. The US industrial output also shed 0.6 percent on-month in October.
"Battery makers traded down following losses from Tesla, with foreigners offloading tech shares as well," said Lee Kyung-min, an analyst at Daishin Securities.
In Seoul, top cap Samsung Electronics fell 0.41 percent to 72,500 won, and No. 2 chipmaker SK hynix shed 1.81 percent to 129,900 won.
Leading battery maker LG Energy Solution lost 2.37 percent to 432,000 won, and Samsung SDI slid 2.42 percent to 444,000 won.
Amid the decrease in global oil prices, SK Innovation, the top refiner, lost 1.95 percent to 136,100 won, and S-Oil dropped 1.74 percent to 67,800 won.
On the other hand, Korean Air shot up 2.73 percent to 22,550 won on the back of lower oil prices, with Jeju Air also advancing 10.44 percent to 11,950 won.
The local currency closed at 1,296.90 won per dollar, unchanged from the previous session's close. (Yonhap)
(责任编辑:과학)
- Berlin Philharmonic's 'Unsuk Chin Edition': Unthinkable becomes reality
- [Today’s K
- Outpaced by Coupang, Shinsegae carries out major leadership reshuffle
- Xi says he will consider S. Korea visit
- [News Focus] Why Kim Jong
- Hyundai Engineering wins US gas
- KFCC promotes financial inclusion via branches in developing nations
- S. Korean firms urge US to clarify 'foreign entity of concern'
- Things look bright for ‘Past Lives’ Oscars prospects
- [New in Korean] Ancient Korean mummy unearthed in Irish peatland
- Outpaced by Coupang, Shinsegae carries out major leadership reshuffle
- [New in Korean] Year 2020 revisited under shadow of disconnection
- LTI Korea announces winners of 2023 Korea Translation Award
- Russian top diplomat to visit NK, accuses US of fueling tensions on Korean Peninsula
- LG wins SOAFEE board membership to join Arm, Bosch
- From traditional to trendy, three of Seoul's top yukhoe spots
- [Weekender] Behind the scenes of Korean food crazes
- Russian FM to visit Pyongyang next month as follow
- Seoul shares open lower on US tech slide
- Allies vow stern measures against Russia
- [News Focus] Why Kim Jong views+
- Court overturns ruling on fabricated asylum interview: report views+
- Drug offences rise by nearly 50 percent on views+
- G7 leaders strongly condemn N. Korea's satellite launch, arms transfers to Russia views+
- Samsung SDI renews push for all views+
- Tourism potential of Philippines, Korea discussed at GBF views+
- Passengers file complaints over burning smell on Gimpo Goldline views+
- Half of young people struggling financially: Seoul views+
- Auditor says Moon govt distorted 2020 death of fisheries official views+
- Four Korean drama series nominated for Critics Choice Awards views+