Profit capture persists in Seoul, which falls 0.91%

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Seoul, Nov 8 (EFECOM).- The Kospi, the Seoul Stock Exchange's benchmark index, lost 0.91% today, Wednesday, in another day marked by profit capture after Monday's record rise.

The South Korean benchmark fell 22.34 points to close at 2,421.62 points, while the Kosdaq technology index fell 13.35 units, or 1.62%, to 811.02 points.

Although the selective started in green, the capture of profits, especially at the hands of retail and foreign investors, ended up leading today to a second consecutive decline in the Kospi after shooting up almost 6% on Monday after short sales were suspended until July 2024 on the South Korean parquet.

The measure, activated by the regulator after alleged illegal operations by investment banks were detected, was initially well received, although analysts point out that investors are still weighing its true scope and that the Seoul Stock Exchange could face volatile sessions in the coming days. .

The asset with the most weight in the South Korean selective, the technology giant Samsung Electronics, fell 1.41% today, while the second largest memory chip manufacturer in the world, SK Hynix, worsened 2.15%.

The group that owns South Korea's most popular search engine, Naver, fell 1.55%, although the operator of the most used instant messaging application in the Asian country, Kakao, instead advanced 0.46%.

For its part, the biopharmaceutical company Samsung Biologics appreciated 0.27%, and the number one South Korean vehicle manufacturer, Hyundai Motor, lost 0.74%. EFECOM


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