Seoul stocks snap weeklong gains on valuation concerns

seoul stocks snap weeklong gains on valuation concerns

Sumary of Seoul stocks snap weeklong gains on valuation concerns:

  • SEOUL, April 9 (Yonhap) — South Korean stocks snapped their weeklong winning streak Friday as foreigners and institutions took a breather amid increased valuation pressure..
  • The benchmark Korea Composite Stock Price Index (KOSPI) fell 1.38 points, or 0.36 percent, to close at 3,131.88 points..
  • But stocks turned to negative territory as foreigners and institutions sold shares over concerns that stock prices have risen too high for their value….

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