Seoul shares dip for 3rd straight session on Wall Street losses


Seoul's stock market experienced a third consecutive day of decline on Friday, following the downward trend observed in Wall Street. Additionally, the local currency depreciated against the U.S. dollar. The Korea Composite Stock Price Index (Kospi) dropped by 1.02 percent to close at 2,795.46, with trade volume reaching 417.9 million shares valued at 9.4 trillion won. Institutional and foreign investors sold local shares worth 781.2 billion won, while retail investors purchased shares worth 779.8 billion won. This mirrored the situation in the U.S., where major indices such as the S&P 500, Nasdaq composite, and Dow Jones Industrial Average also experienced declines. In Seoul, the majority of blue-chip stocks ended the day in negative territory, with notable decreases seen in the share prices of companies like Samsung Electronics, SK hynix, Hyundai Motor, and Kia. Furthermore, energy and financial shares also experienced declines, with leading companies such as SK Innovation and Shinhan Financial witnessing drops in their stock prices. The local currency also weakened against the U.S. dollar, trading at 1,386.7 won as of 3:30 p.m.


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