Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
Man convicted after binge eating to avoid military service
-
4
First snow to fall in Seoul on Wednesday
-
5
Industry experts predicts tough choices as NewJeans' ultimatum nears
-
6
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
7
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
8
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
9
Opposition chief acquitted of instigating perjury
-
10
Job creation lowest on record among under-30s
South Korean stocks closed effectively unchanged Thursday as lingering eurozone concerns canceled out overnight U.S. gains, analysts said. The local currency rose against the U.S. dollar.
The benchmark Korea Composite Stock Price Index edged up just 0.10 percent, or 2.06 points, to close at 1,964.04. Trading volume was moderately heavy at 597 million shares worth 5.26 trillion won ($4.62 billion), with losers outpacing gainers 534 to 301.
“Investor sentiment was hurt by lingering concerns about the global economy,” said Han Beom-ho, an analyst at Shinhan Investment Corp.
Seo Dong-pil, an analyst at Hana Daetoo Securities, also said autos and electronics helped bolster the market, but on the whole, there was no real upward momentum.
Electronics and auto companies gathered ground, with construction, shipbuilding and financial posting losses.
Market bellwether Samsung Electronics added 2.68 percent to close at 1,340,000 won, with top automaker Hyundai Motor also gaining a solid 1.75 percent to 262,000 won.
Shares of LG Chem, a leading manufacturer of rechargeable batteries, gained 0.49 percent to 305,500 won, with Hyundai Mobis moving up 0.85 percent to 295,500 won.
POSCO, the country’s No. 1 steelmaker, however, lost 0.65 percent to 382,000 won, with Hyundai Heavy Industries, the world’s largest shipmaker, dropping 3.49 percent to 290,500 won.
Kia Motors, South Korea’s second-largest carmaker, lost 0.38 percent to 79,600 won, while Hyundai Engineering & Construction dipped 0.28 percent to 70,100. Top life insurer Samsung Life Insurance fell 0.60 percent to 99,100 won.
The local currency finished at 1,136.2 won to the greenback, up 5.1 won from Wednesday’s close, dealers said.
(Yonhap News)
The benchmark Korea Composite Stock Price Index edged up just 0.10 percent, or 2.06 points, to close at 1,964.04. Trading volume was moderately heavy at 597 million shares worth 5.26 trillion won ($4.62 billion), with losers outpacing gainers 534 to 301.
“Investor sentiment was hurt by lingering concerns about the global economy,” said Han Beom-ho, an analyst at Shinhan Investment Corp.
Seo Dong-pil, an analyst at Hana Daetoo Securities, also said autos and electronics helped bolster the market, but on the whole, there was no real upward momentum.
Electronics and auto companies gathered ground, with construction, shipbuilding and financial posting losses.
Market bellwether Samsung Electronics added 2.68 percent to close at 1,340,000 won, with top automaker Hyundai Motor also gaining a solid 1.75 percent to 262,000 won.
Shares of LG Chem, a leading manufacturer of rechargeable batteries, gained 0.49 percent to 305,500 won, with Hyundai Mobis moving up 0.85 percent to 295,500 won.
POSCO, the country’s No. 1 steelmaker, however, lost 0.65 percent to 382,000 won, with Hyundai Heavy Industries, the world’s largest shipmaker, dropping 3.49 percent to 290,500 won.
Kia Motors, South Korea’s second-largest carmaker, lost 0.38 percent to 79,600 won, while Hyundai Engineering & Construction dipped 0.28 percent to 70,100. Top life insurer Samsung Life Insurance fell 0.60 percent to 99,100 won.
The local currency finished at 1,136.2 won to the greenback, up 5.1 won from Wednesday’s close, dealers said.
(Yonhap News)
-
Articles by Korea Herald
