The Seoul Stock Exchange lost 0.23% amid doubts about the US

The Seoul Stock Exchange today broke its streak of five consecutive days of gains. The Kospi, its main indicator, decreased by 0.23% due to the withdrawal of profits among investors and inflation concerns in the United States.

The Kospi ended with a drop of 7.35 points to 3,240.08 integers. At the same time, the Kosdaq technology index lost 2.61 points, or 0.26%, to 987.58 integers.

The Seoul stock market reached the end of the week without momentum.

The reason was the collection of the profits harvested and the concern about a rise in inflation in the United States. According to local analysts, it could jeopardize the economic recovery after the impact of the COVID pandemic.

The benchmark in Seoul, tech giant Samsung Electronics, lost 0.72%. Meanwhile, the country’s second-largest semiconductor producer, SK Hynix, lost 0.39%. 

Also noteworthy are the decreases of the internet operator Naver, with a 1.38%. LG Chem, the national leader of the chemical sector, lost 0.37%.

On the other side of the coin, the pharmaceutical company Samsung Biologics advanced by 1.94%. Hyundai Motor, the largest South Korean car manufacturer, rose by 1.26%.

The trading volume amounted to 15.8 trillion won (14.2 billion dollars).

The Tokyo Stock Exchange closed mixed

The Tokyo Stock Exchange recorded a 0.40% decline in the Nikkei, its main indicator. The losses followed the caution registered on Wall Street due to unemployment data in the US and the sale of technological assets.

The Nikkei closed the session this Friday with a decrease of 116.59 points, falling to 28,941.52. Technological assets dropped in the session due to concerns about the US’s economic rebound and unemployment data.

The Topix index, including the securities with the highest capitalization, advanced slightly by 0.49 points or 0.03% to 1,959.19 points at the close.

Among the most traded values ​​of the day in Tokyo, the electronic components manufacturer Lasertec gained 0.91%. Japanese car leader Toyota gained 1.62%, and electronics maker Sony added 0.59%.

On the other hand, the technology giant Softbank lost 1.29%.