finance
Seoul Shares Close Higher After Institutions Offset Retail Selling
The KOSPI rose 0.62 percent to 7,291.91 on July 9 as institutions bought a net 1.29 trillion won. Retail investors sold 1.33 trillion won while the won weakened against the dollar.
Jul 9, 3:34 AM·1m read1 source
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Seoul shares closed higher on July 9 after institutions bought a net 1.29 trillion won to offset 1.33 trillion won in net sales by individual investors. The benchmark KOSPI rose 45.12 points, or 0.62 percent, to 7,291.91 after opening 3.3 percent higher and trimming gains through the session. Trade volume reached 574.75 million shares worth 37.46 trillion won, or about US$24.9 billion.
Decliners outnumbered gainers 651 to 235. Foreign investors added a net 137.54 billion won. , said. Samsung Electronics rose 0.18 percent to 278,000 won. SK hynix gained 5.3 percent to 2,186,000 won.
Korea Aerospace Industries climbed 5.6 percent to 150,000 won and S-Oil advanced 1.44 percent to 133,500 won. Hyundai Motor fell 3.68 percent to 445,500 won. Korean Air dropped 5.15 percent to 26,700 won.
The Korean won traded at 1,506.1 won per U.S. , down 7.6 won from the prior session. The three-year Treasury yield rose 0.3 basis point to 3.778 percent. The five-year government bond yield increased 1.7 basis points to 4.016 percent.
In the previous U.S. session the Dow Jones Industrial Average fell 0.81 percent while the Nasdaq composite rose 4.19 percent.
