South Korean shares ended lower Tuesday, after swinging between gains and losses, as investors refrained from taking active positions ahead of the year-end nearing.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 4. 1 points, or 0.21 percent, to 1,939.02 at the close. Trading volume stood at 295.3 million shares worth 3.6 trillion won (3.27 billion U.S. dollars).
Stocks in Europe and the United Sates rallied overnight on expectations for so-called "Santa Rally" and year-end shopping season, which would turn balance sheet of retailers from "red" to "black."
Despite the positive movement, the local stock market fluctuated in a narrow range and ended in negative terrain as investors refrained from further "buy" positions on stocks amid the nearing year-end.
Foreign and retail investors sold stocks worth 170 billion won and 118.8 billion won respectively, but institutional investors purchased shares worth 172.6 billion won.
Among large-cap shares, decliners outnumbered gainers. Leading chemical firm LG Chem retreated 2.6 percent, and memory chip giant SK Hynix slid 1.7 percent. The biggest auto parts maker Hyundai Mobis fell 1.7 percent, and market bellwether Samsung Electronics lost 0.5 percent.
Top steelmaker POSCO declined 1 percent, but the No.1 mobile operator SK Telecom climbed 1.1 percent. The biggest non-life insurer Samsung Fire and Marine Insurance advanced 2.4 percent, and the No.2 carmaker Kia Motors rose 1.1 percent.
The South Korean currency finished at 1,102.7 won against the greenback, down 6.5 won from Monday's close.
Bond prices ended mixed. Yields on the liquid three-year treasury notes closed unchanged at 2.156 percent, but the return on the benchmark 10-year government bonds added 0.5 basis points to 2.671 percent.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor