(LEAD) Seoul stocks fall for 2nd day on inflation woes
SEOUL, Sept. 29 (Yonhap) -- South Korean shares retreated Tuesday as rising oil ...
Seoul stocks declined for the second day in a row due to inflation worries stemming from rising oil prices. As Middle East tensions escalated, U.S. Treasury yields rose, bolstering the Korean won against the U.S. dollar. The Korea Composite Stock Price Index (KOSPI) slipped 18.93 points, or 0.27 percent, to close at 6,870.81, marking its second straight day of losses.
Trading activity was subdued, with 210.06 million shares exchanged, worth 17.99 trillion won, and more declines than advances - 622 to 231. Foreign investors sold a net 2.9 trillion won, while local investors bought 1.14 trillion won and 121.06 billion won, respectively. Analysts noted that higher Treasury yields and oil prices were weighing on investor sentiment, while Samsung Electronics and SK hynix showed slight gains, while Hyundai Motor and LG Energy Solution experienced declines.
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