South Korea: Stocks inch down as foreigners offload equities over MSCI rebalancing

The Seoul stock market's main KOSPI closed down 2.15 points, or 0.10 per cent, to 2,121.35.[SEOUL] South Korean shares inched down on Tuesday as foreigners sold equities over the rebalancing of MSCI index, capping earlier gains from optimism towards an interim trade deal between the United States and China.The KOSPI has risen 3.93 per cent so far this year, of which 2.7 per cent of the gains came in the previous 30 trading sessions.

The trading volume during the session in the KOSPI index was 524.31 million shares and, of the total traded issues of 906, the number of advancing shares was 532.Foreigners were net sellers for a 14th session having sold US$727.53 million worth of shares on the main board.

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