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THE INVESTOR] South Korean share prices closed almost unchanged on July 25 as investors took to the sidelines ahead of the US rate-setting meeting. Foreigners, however, remained net buyers on a 13th straight day.
The Korean won fell against the US dollar.
The benchmark Korea Composite Stock Price Index rose 0.1 percent to close at 2,012.32. Trade volume was at 346.73 million shares worth 4.14 trillion won (US$3.64 billion), with losers outnumbering winners 436 to 374.
Market analysts say the market is expected to remain in a tight range as investors wait for the US Federal Reserve‘s policy rate meeting during July 26-27.
Foreign investors scooped up a net 198.4 billion won worth of local stocks.
AmorePacific, the nation’s No. 1 cosmetics maker, fell 2.65 percent to 403,500 won. Chipmaker SK hynix rose 1.56 percent to 32,500 won.
The world's fifth-largest automaker Hyundai Motor jumped 5.04 percent to 135,500 won, ahead of its second quarters earnings report on July 27.
Samsung Electronics fell on second consecutive trading day to end at 1,502,000 won, down 0.92 percent from July 22.
The local currency closed at 1,137,00 won against the US dollar, down 2.60 won from the previous session’s close.
(
theinvestor@heraldcorp.com)
