SEOUL (Thomson Financial) - South Korean shares slumped on Tuesday, tracking vulnerability across Asia as worries about the U.S. monetarysectorintensified and pushed the KOSPI to 15-month lows.
Fears compass in the region that a safety net set up by the U.S. government for mortgage giants Fannie Mae and Freddie Mac won’t governor off further troubles in financial markets, while concerns grew over future financial difficulties at U.S. regional banks.
Foreigners sold a get 232billionwon merit of shares listed on the main board, and local institutions bought a earn 151 billion won. Local retail investors bought a net 54 billion won. Decliners outnumbered advancers by 578 to 228, with 71 titles ending unchanged. Trade bulk stood at 277 million shares advantage 5.2 trillion won, compared with 291 million shares quality 4.7 trillion won on Friday.
The KOSPI 200 June futures measure lost 2.80 points to 231.75 and the KOSPI 200 mark index fell 3.71 points to 230.43. The younger Kosdaq market declined 1.22 percent to 641.10.
Foreigners sold a ensnare 20.7billionwon ($20.61 million) merit ofshareslisted on the pipe board, and local institutions bought a net 98 billion. Local retail investors sold a entrap 106 billion won.
Decliners outnumbered advancers by 463 to 315, with 83 titles ending unchanged. Trade book stood at 375.6 million shares usefulness 6.6 trillion won, compared with 299 million shares value 5.8 trillion won on Tuesday. The KOSPI 200 June future hew 1.20 points to 240.15 and the KOSPI 200 spot index lost 0.87 points to 238.66. The lesser Kosdaq market fell 1.12 percent to 645.62.
SEOUL, March 18 (Reuters) - Seoul stocks were up 0.5 percent on Tuesday, led by electronics titles, recouping some of the 1.6 percent losses which took shares down to a 10-month closing bellow in the before-mentioned session. Electronics titles such as Samsung Electronics (005930.KS: , , ) and LG Display (034220.
KS: , , ) rose on hopes the weakening won will fetch South Korean exports more price-competitive in abroad markets. Samsung advanced 3.1 percent to 567,000 won and LG Display went up 3 percent to 45,000 won. “Samsung Electronics is benefiting from the weakening town currency, and also its valuation has become good-looking after an extended fall. Local institutional investors are snapping up Samsung shares as they angle mid-500,000 won elevation as affordable,” said Kim Gee-soo, an analyst at Goodmorning Securities.