Seoul closes flat thanks to institutional and retail purchases

The Seoul Stock Exchange closed flat today on a day in which the purchases of retail and institutional investors offset the copious sales of foreign participants.

The main South Korean indicator, the Kospi, lost 0.01 points, closing at 1,857.07 integers, while the Kosdaq technology index advanced by 2.15% or 13.14 points, remaining at 623.43 units.

The collapse on Wall Street the day before, as the International Monetary Fund (IMF) alerted that the coronavirus is generating what may be the worst recession of the century, brought a bad start in Seoul.

Foreign operators responded, as they have for more than a month, disposing of local assets, something that ended up neutralizing the purchases of the rest of the parquet.

On the other hand, plans to revive the US economy On May 1, he gave wings to the technological Kospi.

The closings of the main securities were mixed.

The benchmark token in Seoul, Samsung Electronics, closed today in charts, while the world’s second largest chip maker, SK Hynix, fell 1.2%.

South Korea’s leading automaker Hyundai Motor depreciated 0.9%, although chemical giant LG Chem climbed 5.1%.

For its part, the local currency, the won, lost 11.4 units to the dollar today, which at the close was changed to 1,228.7 won.


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