Seoul stocks down on weak Chinese data
South Korean stocks finished lower on July 15, snapping a three-day winning streak, as investors took to the sidelines amid weak Chinese economic data and uncertainties over a trade row with Japan. The Korean won lost ground against the greenback.
The benchmark Kospi lost 4.18 points, or 0.2 percent, to close at 2,082.48. Trade volume was moderate, with 455 million shares worth 3.6 trillion won ($3 billion) changing hands. Losers far outnumbered gainers 636 to 185.
Individual investors sold a net 49.5 billion won worth of local stocks, while institutions and foreigners scooped up a net 25.5 billion won and 13.9 billion won, respectively. Most large-cap shares were mixed
The local currency closed at 1,179.3 won against the US dollar, down 0.1 won from the previous session’s close.
By Ram Garikipati and newswires (firstname.lastname@example.org)