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The Kospi, the Seoul Stock Exchange’s benchmark index, fell 0.42% this Monday in a session marked by the uncertainty generated by tensions in the Middle East after the Iranian attack on Israel.
The South Korean benchmark lost 11.39 points to 2,670.43 points, while the Kosdaq technology index fell 8.05 points, or 0.94%, to 852.42 points.
Foreign and institutional investors were the main sellers today in a day with a moderate business volume and with a large part of the stock market attentive to Tel Aviv’s reaction after the drone and missile attack over the weekend.
The stock with the most weight on the Kospi, the giant Samsung Electronics, fell by 1.79%, and the second largest memory chip manufacturer in the world, SK Hynix, rose by 0.43%.
The South Korean internet giant, Naver, fell 1.67%, while the Asian country’s most important steelmaker, Posco, fell 1.14%.
The biopharmaceutical Samsung Biologics advanced 0.38%, while the main national vehicle manufacturer, Hyundai Motor, increased its value by 1.47%, and its subsidiary Kia Motors improved 4.37%.
The refineries had a good day given the prospect that the situation in the Middle East will increase the prices of petrochemical products, which is why S-Oil rose 1.65% today.
Source: Elcomercio
I am John Casanova. I am an author at 24 news recorder and mostly cover economy news. I have a great interest in the stock market and have been writing about it for many years. I am also interested in real estate and have written several articles on the subject. I am a very experienced investor and have a lot of knowledge to share with others.
