SEOUL: The South Korean stocks closed lower in back-to-back sessions, while it has given away more than 7 points or 0.4 percent in that duration. The KOSPI tumbled just under the 1,920-point plateau, and now the market may discover a measure of traction on Wednesday.
The global forecast for the Asian markets in murky, with soft oil prices warring with optimism for the latest earnings season. The European markets were sharply higher and the U.S. bourses slightly lower, and the Asian markets figure to split the difference.
The KOSPI finished slightly lower on Tuesday following mixed performances from the technology stocks and industrial issues.
For the day, the index eased 3.81 points or 0.20 percent to finish at 1,917.14 after trading between 1,910.27 and 1,920.77. Volume was 335.78 million shares worth 4.79 trillion won. There were 469 decliners and 329 gainers.
Among the actives, Hyundai Glovis plunged by the 15 percent daily limit, while Samsung SDS tumbled 8.65 percent and Cheil Industries fell 6.44 percent, and SK Hynix, Korea Electric Power, POSCO and Naver also ended lower.
Samsung Electronics, Hyundai Motor, Kia Motors, SK Telecom and Shinhan Financial all ended higher.
The lead from Wall Street is slightly negative as stocks finished slightly lower on Tuesday after opening sharply to the upside.
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