South Korea: Stocks sag as foreigners book profits; up 7.7% for 2019
[SEOUL] South Korean shares closed lower on Monday as foreign investors booked profits in electronic stocks after a recent rally, and before the markets enter the two-day holiday.
The KOSPI ended up 6.54 points, or 0.30 per cent, at 2,197.67.
For the year, the benchmark index gained 7.7 per cent. The index added 5.3 per cent in December.
Foreigners were net sellers of US$283.95 million worth of shares on the main board.
South Korean financial markets will be closed on Tuesday and Wednesday for the New Year. Markets will resume trade on Thursday, Jan 2, 2020, but will open at 0100 GMT, an hour later than usual.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Shares end higher on tech support; banks slide
US: Stocks rally on cooler hiring numbers
Singapore stocks end week in the red; STI down 0.1%
Asia: Markets track Wall Street higher as rate hopes rise, eyes on US jobs
H2G Green chief to stand trial on Aug 5 amid MOM probe
Singapore shares climb at Friday’s open; STI up 0.2%