South Korean stocks ended lower Monday to snap their two-day winning streak as investors locked in part of gains after a recent rally. The local currency rose sharply against the US dollar. The benchmark Korea Composite Stock Price Index fell 20.51 points, or 0.77 percent, to 2,659.84. Trade volume was moderate at 383 million shares worth 8.69 trillion won ($6.63 billion), with losers beating winners 517 to 353. Fore.
Coupang’s stronger-than-expected performance is posing an increasing threat to two of Korea’s long-standing retail powerhouses - Shinsegae and Lotte - as the e-commerce giant is gaining ground against conventional offline retail channels at a rapid pace, according to data and industry officials, Wednesday.
Coupang’s stronger-than-expected performance is posing an increasing threat to two of Korea’s long-standing retail powerhouses - Shinsegae and Lotte - as the e-commerce giant is gaining ground against conventional offline retail channels at a rapid pace, according to data and industry officials, Wednesday.
South Korean stocks finished sharply lower Tuesday as investors locked in gains after a recent rally. The local currency also fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 22.47 points, or 0.84 percent, to close at 2,657.79, ending a two-day winning streak. On Monday, the index finished at 2,680.26, the highest closing price since May 31, 2022, when it was 2,685.9. Trade volume was .
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