South Korea: Shares end lower on geopolitical worries

THE benchmark Kospi fell 2.88 points or 0.1 per cent to close at 2,477.45 on Wednesday (Nov 16), ending another session with a marginal change after two sessions of reduced volatility.

The index fell as much as 1.4 per cent in early trade, before recovering most losses on a report that the explosion in Poland was due to a missile fired by Ukraine, not Russia. Moscow has denied it was responsible, while US President Joe Biden said the missile was probably not fired from Russia.

Among heavyweights, technology giant Samsung Electronics rose 0.5 per cent but peer SK Hynix slipped 0.1 per cent, while battery maker LG Energy Solution advanced 0.7 per cent.

Of the total traded issues of 931, the number of advancing shares was 444. REUTERS