Seoul shares ended slightly lower on Thursday in volatile trade that saw the main index move in and out of positive territory, with falls led by Hynix after the Taiwan government said it would set up a DRAM company. The Korea Composite Stock Price Index ended down 0.1 percent at 1,058.18 points.
Hynix sank after news that the Taiwanese government would set up a new DRAM company in which it will hold a stake of less than 50 percent as it seeks to overhaul the struggling sector. Woori Finance Holdings lost 4.53 percent and Hana Financial Group retreated 3.58 percent. Shipbuilders also dropped, with Hyundai Heavy Industries shedding 3.0 percent and Daewoo Shipbuilding & Marine Engineering ending down 6.31 percent.
Foreign investors bought a net 71 billion won, snapping a 17-session selling streak. Local institutions sold a net 80.6 billion won worth of shares on the main board and retail investors sold a net 7.6 billion won worth. Decliners led advancers by 481 to 333, with 70 titles ending unchanged.
A total of 503.75 million shares worth 4.44 trillion won changed hands, compared with 483.8 million shares worth 4.13 trillion won traded on Wednesday. The KOSPI 200 March futures index rose 1.05 points to 139.05 points and the KOSPI 200 spot index went up 0.04 points to 138.25. The junior Kosdaq market gained 0.63 percent to end at 362.16 points.
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