Seoul Stocks End Lower As U.S. Fed Opts For Monetary Tightening

South Korean stocks ended last week down, amid concerns that the US Fed is heading for more aggressive monetary tightening than expected to tame rising prices. The Korean won fell against the US dollar, Yonhap News Agency reported.

Photo Insert: After a choppy session, the benchmark Korea Composite Stock Price Index (KOSPI) shed 20.65 points, or 0.76 percent, to close at 2,696.06.

After a choppy session, the benchmark Korea Composite Stock Price Index (KOSPI) shed 20.65 points, or 0.76 percent, to close at 2,696.06.

Trading volume was moderate at around 683.37 million shares worth some 9.44 trillion won ($7.68 billion), with gainers slightly outnumbering losers 425 to 419.

Foreigners and institutional investors offloaded a combined net total of 762 billion won, while retail investors picked up shares worth a net 750 billion won.

Composite Stock Price Index (KOSPI) closed at 2,696.06 points on April 15, 2022, down 20.65 points, or 0.76 percent, from the previous session's close.

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