Seoul shares inch up amid trade war uncertainties
Korea’s main bourse ended slightly higher Monday as investors cautiously awaited developments regarding trade talks between the United States and China, analysts said. The local currency weakened against the greenback.
The benchmark KOSPI added 3.68 points, or 0.17 percent, to finish at 2,180.73. Trading volume was relatively light at 398.63 million shares worth 5.15 trillion won (US$5.01 billion), with losers outnumbering gainers 471 to 368.
After opening nearly flat, the index fluctuated in a tight range throughout the session. Retail investors picked up 114 billion won worth of local shares, while overseas and institutional investors dumped shares worth 57.5 billion won and 74.2 billion won, respectively.
The local currency closed at 1,124.7 won against the US dollar, down 0.8 won from Friday’s close.
By Ram Garikipati (firstname.lastname@example.org)