The Seoul Stock Exchange fell slightly today. The Kospi, its main indicator, showed a 0.13% decline in a day.
The South Korean selective lost 4.29 points on Tuesday to stand at 3,247.83 units. Meanwhile, the Kosdaq technology stock index gained 0.03%, or 0.26 points, to close at 986.12 units.
The Kospi became positive during the second section of the trading. Pharmaceutical companies drove it, given the advance of vaccination against COVID-19 in South Korea.
However, the trend for much of the day was to hold positions. Investors are looking for more clues about the inflation, waiting for the US to publish its CPI for May on Thursday.
And above all, many operators chose to capture profits finally. It followed the selective’s close at a record level on Monday after accumulating a rise of more than 2.5% in the last ten days.
The most significant stock for Kospi, tech giant Samsung Electronics, closed flat today. At the same time, SK Hynix, the world’s second-largest memory chip maker, lost 0.78%.
Naver, the largest South Korean Internet portal operator, also closed flat. Besides, Kakao, the country’s main instant messaging application owner, increased by 0.98%.
Biopharmaceutical Samsung Biologics surged by 1.58%, and its competitor Celltrion hiked by 1.7%.
As for Hyundai Motor, the largest national car manufacturer, its shares advanced by 0.83%.
Tokyo Stock Exchange closed mixed
The Tokyo Stock Exchange settled mixed today.
The Tokyo stock market began the day with optimism encouraged by the values of the pharmaceutical companies. However, the lack of new incentives and investors’ caution ended up placing the benchmark index in negative territory.
As a result, the Nikkei dropped by 0.19% to 28,963.56.
At the same time, the Topix index climbed by 0.9% to 1,962.65.
According to local analysts, many investors preferred to avoid risky moves before the publication of the US consumer price index on Friday.
Among the securities with the highest capitalization, the technology giant Softbank lost 1.64%. The Japanese automobile leader, Toyota Motor, fell by 0.61%.
The electronic components manufacturer Lasertec dropped by 9.08%, and Fast Retailing, an owner of the Uniqlo clothing chain, lost 1.02%.
The stocks with the most significant decreases were paper and non-ferrous metals. Meanwhile, pharmaceuticals and maritime transport led the gains.
In the first section, 1,399 stocks advanced compared to 692 that fell and 102 that ended unchanged.
The trading volume amounted to 2.18 trillion yen.