Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
South Korean military plans to launch new division for future warfare
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Teen smoking, drinking decline, while mental health, dietary habits worsen
[THE INVESTOR] South Korean shares dropped slightly late morning on Oct. 21 amid foreign investors’ decision to tuck in recent gains.
The benchmark KOSPI edged down 6.73 points, or 0.33 percent, to 2,033.87 as of 11:20 a.m.
Foreigners were net-sellers following a buying spree for the sixth consecutive session, while institutional traders were net-buyers.
Market sentiment was hit by the outcome of the European Central Bank’s monetary policy meeting.
The benchmark KOSPI edged down 6.73 points, or 0.33 percent, to 2,033.87 as of 11:20 a.m.
Foreigners were net-sellers following a buying spree for the sixth consecutive session, while institutional traders were net-buyers.
Market sentiment was hit by the outcome of the European Central Bank’s monetary policy meeting.
It left the key rate on hold, stopping short of offering a clue to its policy direction.
Top cap Samsung Electronics was off 1.67 percent, while the state-run Korea Electric Power Corp. climbed 0.58 percent. Leading automaker Hyundai Motor and its smaller affiliate Kia Motors advanced 1.14 percent and 0.61 percent, respectively.
Steelmaking giant POSCO gained 0.84 percent. Naver, the No. 1 internet service provider, declined 1.3 percent on the news of its leadership change.
The local currency was trading at 1,134.85 won against the US greenback, down 7.35 won from the previous session’s close.
(theinvestor@heraldcorp.com)
