Seoul shares end higher on institutional buying
Market bellwether Samsung Electronics rose 0.18 percent to 278,000 won, while chip giant SK hynix climbed 5.3 percent to 2,186,000 won.
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Summary
Market bellwether Samsung Electronics rose 0.18 percent to 278,000 won, while chip giant SK hynix climbed 5.3 percent to 2,186,000 won. Institutions and foreigners bought a net 1.29 trillion won and 137.54 billion won, respectively, while individuals sold a net 1.33 trillion won. Korea Aerospace Industries, the country's sole aircraft manufacturer, jumped 5.6 percent to 150,000 won and S-Oil gained 1.44 percent to 133,500 won.
Furthermore, Trade volume was moderate at 574.75 million shares worth 37.46 trillion won ($24.9 billion), with decliners outnumbering gainers 651 to 235. Among decliners, top carmaker Hyundai Motor fell 3.68 percent to 445,500 won and flag carrier Korean Air backtracked 5.15 percent to 26,700 won. Investors remained concerned about renewed geopolitical tensions in the Middle East, as well as uncertainty over the outlook for artificial intelligence demand, analysts said.
In addition, "Renewed tensions between the United States and Iran and selling by retail investors amid heightened market volatility weighed on the benchmark index," Kang Jin-hyuk, an analyst at Shinhan Securities Co., said.
Cross-referenced from 2 sources.
Factual coreconfirmed by several independent voices
Market bellwether Samsung Electronics rose 0.18 percent to 278,000 won, while chip giant SK hynix climbed 5.3 percent to 2,186,000 won.
reliability low1/2 sourcesInstitutions and foreigners bought a net 1.29 trillion won and 137.54 billion won, respectively, while individuals sold a net 1.33 trillion won.
reliability low1/2 sourcesKorea Aerospace Industries, the country's sole aircraft manufacturer, jumped 5.6 percent to 150,000 won and S-Oil gained 1.44 percent to 133,500 won.
reliability low1/2 sourcesTrade volume was moderate at 574.75 million shares worth 37.46 trillion won ($24.9 billion), with decliners outnumbering gainers 651 to 235.
reliability low1/2 sourcesAmong decliners, top carmaker Hyundai Motor fell 3.68 percent to 445,500 won and flag carrier Korean Air backtracked 5.15 percent to 26,700 won.
reliability low1/2 sourcesInvestors remained concerned about renewed geopolitical tensions in the Middle East, as well as uncertainty over the outlook for artificial intelligence demand, analysts said.
reliability low1/2 sources"Renewed tensions between the United States and Iran and selling by retail investors amid heightened market volatility weighed on the benchmark index," Kang Jin-hyuk, an analyst at Shinhan Securities Co., said.
reliability low1/2 sources
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