Seoul closes flat with doubts due to inflation data in the US.

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Seoul closes flat with doubts due to inflation data in the US.

Seoul, Sep 13 (EFE) .- The Seoul Stock Exchange closed today practically in tables, with its main indicator, the Kospi, gaining 0.07% in a session marked by doubts about inflation data in the US.

The South Korean benchmark lost 2.1 points, to stand at 3,127.86 integers, while the Kosdaq technology index fell 1.57 points or 1.11%, to 1,026.34 units.

The selective started the day in the red after it was learned that North Korea conducted a cruise missile test over the weekend.

The rest of the day lacked clear direction, with the Kospi moving for much of the session in a narrow range of less than 20 points, mainly due to doubts generated by the US inflation data published on Friday, with prices at the wholesale in August registering its biggest increase in 11 years.

In another day with a discreet volume of business, finally it was the last minute purchases of institutional and foreign participants that provided a minimum advance for the Kospi.

The biggest asset on the Seoul Stock Exchange, tech Samsung Electronics, gained 1.33%, while the second largest global memory chip maker, SK hynix, added 1.43%.

The company behind the main internet search engine in the country, Naver, fell 0.49%, and the operator of the most popular South Korean messaging application, Kakao, continued in free fall – today it depreciated 4.23% – after the government has promised to tighten regulations in the online services sector.

In the biopharmaceutical sector, Samsung Biologics reduced its value by 1.3%, and its competitor Celltrion fell 2.06%.

Hyundai Motor, the largest vehicle manufacturer in the Asian country, closed 0.73% lower.

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