Press "Enter" to skip to content

Seoul stock market falls 0.19% on inflation fears

Seoul, Oct 21 (EFE) .- The Seoul stock market fell today and its main indicator, the Kospi, lost 0.19% in one day in fear of the effects of inflation ended up prevailing.

The South Korean benchmark fell 5.08 points to 3,007.33 integers, while the Kosdaq technology index rose 7.92 points, or 0.79%, to 993.70 units.

The selective started hesitantly, although halfway through the session it settled into positive territory boosted by the advance of the Dow Jones of Industrials on Wall Street on the eve.

The moderation in the volume of business was noted, with many participants trying to weigh the implications of a recovery that seems increasingly solid.

Towards the end of the day, the idea seemed to prevail again that the inflationary impulse will sooner or later force a tightening of monetary policies, with retail investors today becoming the main net sellers of the session.

The top-valued token in Seoul, tech giant Samsung Electronics, fell 0.14%, while the world’s second-largest memory chip maker, SK hynix, lost 1.63%.

The company that controls the main search engine in South Korea, Naver, gained 1.74%, and Kakao, operator of the most popular national messaging application, closed in a table.

In the biopharmaceutical sector, Samsung Biologics depreciated 0.8%, and rival Celltrion depreciated 0.68%.

For its part, Hyundai Motor, the largest vehicle manufacturer in the Asian country, reduced its value by 0.72%.

Article Source

Disclaimer: This article is generated from the feed and not edited by our team.