Seoul bounces slightly after two days of profit capture



The Seoul Stock Exchange bounced slightly today after two consecutive sessions of profit capture on a day marked by good spirits in the face of the China-US agreement, according to local analysts.

Kospi, the main indicator of the South Korean market, today gained 7.85 points or 0.36%, up to 2,197.93 integers, while the Kosdaq technology index rose 13.16 points, 2.06%, to 652 , 07 units.

In any case, the tonic was very similar to the previous days, with foreign investors lightening their portfolios and the rest of the parquet betting on prudence in the absence of knowing more details about the first phase of agreement whose signature is scheduled for January between the Two main trading partners of South Korea.

Apart from that, most economists agree that, due to the lack of incentives from here to New Year, the Kospi will surely maintain its current level during the next sessions.

Samsung Electronics, the main record of the South Korean market, today gained 0.73%, while its competitor LG Electronics instead fell 0.83%.

The chip manufacturer SK Hynix appreciated 1.07% and the display manufacturer LG Display improved its value by 1.28%.

The largest national car manufacturer, Hyundai Motor, climbed 0.41% in this case while biopharmaceutical giant Celltrion revalued 2.43%.

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