Seoul shares end lower amid conflict in Middle East
Seoul shares closed lower Tuesday as investors remain cautious due to the Israel-Palestine conflict. The Korean won rose against the US dollar.
The benchmark Korea Composite Stock Price Index fell 6.15 points, or 0.3 percent, to close at 2,402.58. The Kospi opened higher, tracking gains on Wall Street, boosted by Federal Reserve officials' dovish comments on rates.
Trading volume was moderate at 410.31 million shares worth 9.3 trillion won ($6.9 billion), with losers outpacing gainers 626 to 259.
Overnight, the Dow Jones Industrial Average rose 0.6 percent to 33,604.65, and the tech-heavy NASDAQ Composite gained 0.4 percent to 13,484.24.
Market watchers have expected another rate hike this year due to higher-than-expected US employment data in September, but the US central bank said the odds for further tightening have dropped dramatically amid the Israel-Palestine conflict.
Investors are keeping a watchful eye on military clashes between Israel and the Palestinian Islamist group Hamas, analysts said. Hamas made a surprise attack on Israel on Saturday, killing hundreds of Israelis.
Institutions bought a net 587.38 billion won worth of stocks, offsetting foreigners and individuals' stock selling valued at 585 billion won.
In Seoul, large-cap stocks traded mixed across the board.
Market bellwether Samsung Electronics Co. rose 0.6 percent to 66,400 won, leading home appliance maker LG Electronics Inc. jumped 7 percent to 105,100 won, and No. 1 wireless services provider SK Telecom Co. gained 2.2 percent to 49,400 won.
Among decliners, top carmaker Hyundai Motor Co. fell 2 percent to 188,400 won, the country's national flag carrier Korean Air Co. declined 2.6 percent to 20,500 won, and KG Mobility, formerly known as SsangYong Motor Co., shed 3.3 percent to 6,010 won.
The local currency ended at 1,349.50 won against the greenback, up 0.4 won from the previous session's close. (Yonhap)
(责任编辑:건강)
- 'Do not open plane doors' warning mandated for planes in flight
- BTS company Hybe heading to Latin America
- Bikes or motor vehicles? E
- [Herald Interview] Inaugural meeting maps UNC 2.0 amid shifting security dynamics
- Hillstate Gayang flats in Daejeon to go on sale
- 19 S. Koreans held captive in Myanmar freed: ministry
- KT&G unveils W2.8tr shareholder return plan
- British interdisciplinary artist Jane Benson turns literary texts into art
- Korea to showcase advanced climate technologies at COP28 Dubai
- S. Korea, US defense chiefs discuss 'tailored deterrence strategy' on N. Korea
- After robot conductor, National Orchestra of Korea explores virtual reality
- Business groups demand more flexible working hour system
- [Herald Review] ‘Single in Seoul’ a bland rom
- 홍익표, 조국 총선 출마설에 “조만간 뵙고 말씀 들을 것”
- "조선의 샛별 여장군, 세계가 우러러 볼것"…北, 김주애도 우상화
- Seoul hosts ICC seminar highlighting role of Asia
- LG Twins capture 1st Korean Series title in 29 years
- Red Velvet returns with conceptual, dramatized studio album
- South Korea warns tit
- LG companies hint at grand promotions to celebrate Twins' big win
- 한동훈, 체포안 설명 8분 넘기자…“짧게 합시다” “왜 이리 시끄럽냐” views+
- FSS issues advisories to fisheries cooperatives federation for W50b investment loss views+
- Incheon Airport passenger traffic to recover during Chuseok holiday views+
- 야당 29명 반란, 이재명 방탄 뚫렸다 views+
- 합의문도 없는 희한한 북·러 정상회담…결국 비즈니스 관계였나 views+
- "KTX 꼭 타보고 싶다" 했던 김정은 "만족한 합의"…뭐길래 views+
- [이번 주 리뷰]美 Fed 기준금리 동결…이재명 체포동의안 가결(18~23일) views+
- Choo calls for end to protectionism, supply chain recovery during G20 meeting views+
- 이용, 지도부 때린 서병수·홍문표에 "선당후사·솔선수범 하라" views+
- "당 망치는 응석받이"…안철수, 이준석 제명 서명운동 시작 views+