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Seoul shares close nearly flat amid weak US consumption data

December 24, 2024

Seoul, Dec 24

Seoul shares closed nearly flat on Tuesday as investors stayed on the sidelines ahead of Christmas, with the US consumer confidence index for this month showing signs of contraction.

The Korean won weakened against the greenback, breaching the 1,450 won level for the fourth straight session.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 1.49 points, or 0.06 percent, to close at 2,440.52, reports news agency.

Trade volume was low at 380 million shares worth 6.64 trillion won ($4.55 billion), with losers outnumbering gainers 483 to 389.

Foreigners sold a net 17.2 billion won, and individuals offloaded a net 96.3 billion won. Institutions picked up a net 22.5 billion won.

Overnight, the Conference Board, a nonprofit U.S. organisation, released its consumer confidence index for December, which came to 104.7, marking the lowest level since September.

 

 

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