Seoul shares ended the day with minimal change as investors remain cautious about the Federal Reserve’s approach to interest rate hikes. The benchmark Korea Composite Stock Price Index increased slightly by 0.02 percent to close at 2,608.24 points. Trading volume reached 433.9 million shares valued at 11 trillion won ($9.5 billion). Institutional and foreign investors sold 395 billion won worth of stocks, while individuals purchased stocks valued at 368.3 billion won. The US stock market saw gains, with the Dow Jones Industrial Average rising by 1.1 percent and the tech-heavy Nasdaq Composite increasing by 0.8 percent. The focus for investors is on the US central bank’s potential for further interest rate hikes to meet its inflation target of 2 percent. In Seoul, large-cap stocks had mixed results, with Hyundai Motor Co. and Samsung Heavy Industries rising, and Samsung Electronics and SK hynix declining. The Korean won fell against the US dollar, reaching 1,265.60 won.


>Source link>

>>Join our Facebook Group be part of community. <<

By hassani

Leave a Reply

Your email address will not be published. Required fields are marked *