Market
Seoul shares close lower on profit-taking
Feb. 20, 2024
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 heavy at 596.3 million shares worth 9.7 trillion won ($7.2 billion), with losers