Seoul falls 0.18% amid persistent rate of infections

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Seoul, Aug 6 (EFE) .- The Seoul Stock Exchange fell today, with its main indicator, the Kospi, losing 0.18% due to the persistent rate of COVID-19 infections in South Korea.

The South Korean benchmark Kospi lost 5.77 points on Friday to stand at 3,270.36 integers, while the Kosdaq technological index rose by 0.26 points or 0.02%, to 1,059.8 units.

The rise in Wall Street on Thursday raised the selective South Korean in the first few measures, but the daily data of new infections in South Korea (which today added more than 1,700 new cases for the third consecutive day) and the decision of the Government to extend another two For weeks the maximum level of restrictions in Seoul clouded tempers.

On a day with moderate business volume, purchases by foreign investors and retailers were not enough to offset the net of about 233 billion won (about 204 million dollars) that institutional traders dumped today.

The asset with the greatest weight in the South Korean selective, the technological Samsung Electronics, fell 1.73%, while the second largest world manufacturer of memory chips, SK hynix, lost 1.67%.

In the biopharmaceutical sector, Samsung Biologics advanced 0.77%, and its competitor Celltrion improved 0.93%.

The operator of the largest internet search engine in South Korea, Naver, closed today 0.45% higher, although the company behind the most popular national messaging app, Kakao, fell 2.35%.

Precisely Kakao Bank, the 100% digital bank of the Kakao group, debuted today on the stock market reaching its maximum allowed rise of 29.98% and reaching a capitalization volume that makes it the most important South Korean financial asset.

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Hyundai Motor, the largest South Korean carmaker, depreciated 0.22%.

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