The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    BLACKPINK Jennie's 'Solo' music video hits record high 900 mil. YouTube views

  • 3

    Japanese students' field trips to Korea resume after pandemic hiatus

  • 5

    Lotte desperate to win LVMH Chairman Arnault's heart

  • 7

    President Yoon refutes criticism of fence-mending summit with Japan

  • 9

    Apple Pay service starts in Korea

  • 11

    US report voices concerns over S. Korea's press freedom

  • 13

    Busan to have alternate no-driving days during Expo inspection

  • 15

    Korean firms balk at donating to fund compensating victims of Japan's forced labor

  • 17

    Osstem Implant to invite 1,500 dentists from 22 countries for training

  • 19

    VIDEOMiracle rescue of 200 dogs caged for dog meat

  • 2

    Lee Se-young to lead MBC's new series 'The Story of Park's Marriage Contract'

  • 4

    Possibly next SOHO, Seoul selects 5 neighborhoods for new signature 'K-alleys'

  • 6

    Kakao criticized for half-baked AI chatbot

  • 8

    INTERVIEW'The Flag': Kwon Jin-ah's love letter to people chasing their dreams

  • 10

    Kwon Sang-woo's new series to stream on Disney+ this year

  • 12

    LVMH allegedly joins takeover bid to acquire Missha

  • 14

    Revenge rises as key theme in K-dramas

  • 16

    Shinhan, Woori shine in overseas business

  • 18

    Korean startup Innospace announces successful test launch of space vehicle HANBIT-TLV

  • 20

    MZ generation-led unions flex muscle across board

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
Thu, March 23, 2023 | 10:27
Markets
Seoul stocks close lower on 1st trading day of 2023
Posted : 2023-01-02 16:46
Updated : 2023-01-03 10:50
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
This photo shows the dealing room of Hana Bank in central Seoul after the stock markets closed, Jan. 2. Yonhap
This photo shows the dealing room of Hana Bank in central Seoul after the stock markets closed, Jan. 2. Yonhap

Seoul stocks closed slightly lower in the first trading session of 2023 on institutional selling. The Korean won declined against the U.S. dollar.

After choppy trading, the benchmark Korea Composite Stock Price Index (KOSPI) slid down 10.73 points, or 0.48 percent, to close at 2,225.67 points.

Trading volume was light at about 335.7 million shares worth some 5.1 trillion won ($4.01 billion). Losers outnumbered gainers 712 to 178.

After a strong start, the KOSPI surrendered earlier gains as institutional investors offloaded tech shares in the afternoon.

Institutions sold a net 264.5 billion won worth of shares, while foreigners and retail investors snapped up a combined 227.9 billion won.

"No special momentum had flown into the Korean market as others in Asia and the U.S. were closed for the New Year's holiday," analyst Lee Kyoung-min from Daishin Securities said.

"Chips and market leaders in the secondary battery sector surrendered earlier gains and added downward pressures to the main bourse," he added.

Also, weak economic data also helped sour investor sentiment.

The country's exports reached an all-time high last year but suffered the largest-ever trade deficit of $47.2 billion on high energy prices, the industry ministry said Sunday.

Market heavyweights closed mixed, while auto shares gathered ground.

Market bellwether Samsung Electronics inched up 0.36 percent to 55,500 won, and No.2 chipmaker SK hynix added 0.93 percent to 75,700 won.

Auto shares closed higher, as Washington's new guidance on the Inflation Reduction Act (IRA) offered relief to investors. The U.S. government has said Korean-made electric vehicles could be entitled for tax benefits if it is used for commercial purposes, such as leasing. Top auto maker Hyundai Motor gained 3.97 percent to 157,000 won, and sister affiliate Kia advanced 3.71 percent to 61,500 won.

Shares in cosmetic companies lost ground on the government's stricter COVID-19 measures against arrivals from China. Beauty giant Amorepacific was down 1.82 percent to 135,000 won, and LG Household Health Care inched down 0.28 percent to 720,000 won.

The local currency closed at 1,272.6 won against the greenback, down 8.1 won from the previous session's close. (Yonhap)


 
LG Group
Top 10 Stories
1Korean firms balk at donating to fund compensating victims of Japan's forced laborKorean firms balk at donating to fund compensating victims of Japan's forced labor
2Sexual assaults by Korean diplomats continue despite zero-tolerance policy Sexual assaults by Korean diplomats continue despite zero-tolerance policy
3Main opposition leader indicted, faces calls to resignMain opposition leader indicted, faces calls to resign
4Consumers choose to travel abroad over purchasing luxury goods Consumers choose to travel abroad over purchasing luxury goods
5World water day World water day
6Outback Steakhouse sees sales soar as it opens stores in large shopping malls Outback Steakhouse sees sales soar as it opens stores in large shopping malls
7Samsung, SK avoid worst-case scenario as US 'guardrails' are less stringent than feared Samsung, SK avoid worst-case scenario as US 'guardrails' are less stringent than feared
8Korean pension fund hit by overseas banking crisis Korean pension fund hit by overseas banking crisis
9[INTERVIEW] Retired FSC chief finds inspiration exploring Koreans' ancestral roots INTERVIEWRetired FSC chief finds inspiration exploring Koreans' ancestral roots
10Campaign launched to promote equal treatment for multicultural families Campaign launched to promote equal treatment for multicultural families
Top 5 Entertainment News
1Lee Se-young to lead MBC's new series 'The Story of Park's Marriage Contract' Lee Se-young to lead MBC's new series 'The Story of Park's Marriage Contract'
2[INTERVIEW] 'The Flag': Kwon Jin-ah's love letter to people chasing their dreams INTERVIEW'The Flag': Kwon Jin-ah's love letter to people chasing their dreams
3Kwon Sang-woo's new series to stream on Disney+ this year Kwon Sang-woo's new series to stream on Disney+ this year
4Revenge rises as key theme in K-dramas Revenge rises as key theme in K-dramas
5From sky to deserted islands, two artists' documentation of nature adds surreal touch to reality From sky to deserted islands, two artists' documentation of nature adds surreal touch to reality
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group