Seoul shares pare gains late Monday morning on foreign selling
Korean shares pared earlier gains late Monday morning as foreign investors continued to sell big-cap tech shares despite bargain hunting by retail and institutional investors. After opening 0.76 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) added 25.15 points, or 0.4 percent, at 6,283.92 as of as of 11:20 a.m. Foreign investors sold nearly 619.7 billion won ($437.8…
The Korea Times reports that Korean shares saw a brief rebound in early trading on Monday, but ultimately pared earlier gains as foreign investors continued to sell large-cap tech stocks. Despite bargain hunting by retail and institutional investors, foreign investors sold nearly 619.7 billion won worth of shares, offsetting a combined 598.2 billion won worth of buying.
The benchmark Korea Composite Stock Price Index (KOSPI) ended the session lower for a second straight day, weighed down by foreign selling. The tech sector remained a key driver of the market, with Samsung Electronics and SK hynix seeing mixed performances. The Korean won also traded slightly weaker against the US dollar.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
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- Seoul shares pare gains late Monday morning on foreign selling koreatimes.co.kr
- Seoul shares pare gains late Mon. morning on foreign selling en.yna.co.kr
