Seoul stocks close at two-month low on China woes, Wall Street tech decline
Dec 29, 2022
Seoul stocks closed at a two-month low Thursday, the last trading day of the year, amid concerns that China's reopening could lead to a global economic slowdown. The Korean won advanced for a fourth consecutive session against the US dollar. The benchmark Korea Composite Stock Price Index shed 44.05 points, or 1.93 percent, to close at 2,236.4 points. Trading volume was moderate at about 353.2 million shares worth some 5.9 trillion won ($4.7 billion). Losers outnumbered gainers 791 to 112.