[Ferry Disaster] Captain of sunken ferry, two crew arrested

Seoul shares close lower on U.S., Japanese woes

Seoul shares close lower on U.S., Japanese woes

kh close

 

Published : 2014-01-17 20:36
Updated : 2014-01-17 20:36

South Korean stocks closed lower Friday as investors sat on the sidelines ahead of monetary policy meetings of the U.S. and Japan later this month, analysts said. The Korean won closed higher against the greenback.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 12.84 points, or 0.66 percent, to 1,944.48. Trading volume was low at 252.7 million shares worth 3.13 trillion won ($2.95 billion), with losers outpacing gainers 428 to 347.

Analysts said Seoul shares lost ground as investors took a wait-and-see approach on the future monetary moves of advanced countries, with the Bank of Japan planning to hold a policy meeting next week.

“Investors are concerned about advanced countries‘ policy meetings, as the future move of the Japanese yen and the U.S. dollar will affect the price competitiveness of local exporters,” said Kang Hyun-gie, an analyst at I’M Securities & Investment. (Yonhap News)

Photo News

기아차 '3세대 카니발' 실제 모습 공개

렉서스 신형 SUV 모습 드러내

사랑이 엄마, '섹시 가슴골' 노출한 과거 화보 보니