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September 22, 2018

Seoul stocks end nearly flat as cautions prevail over Trump-Kim summit

PUBLISHED : June 12, 2018 - 16:17

UPDATED : June 12, 2018 - 16:17

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[THE INVESTOR] Seoul shares changed little on June 12, as investors moved sideways, awaiting the full results of the high-stakes summit between US President Donald Trump and North Korean leader Kim Jong-un, analysts said. The Korean won fell against the US dollar.

The benchmark KOSPI shed 1.32 points, or 0.05 percent, to finish at 2,468.83. Trade volume was moderate at 601.58 million shares worth 9.40 trillion won (US$8.72 billion), with losers outnumbering gainers 492 to 323.

Offshore investors and retailers dumped local shares worth 122.7 billion won and 12.1 billion won, respectively, to drag down the index, while institutions picked up 121.6 billion won worth of local equities, respectively.       

The South Korean currency closed at 1,077.15 won against the US dollar, down 1.95 won from the previous session’s close.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)



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