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South Korean stocks finished lower Thursday as investors took profit following a five-session winning streak and overnight US losses. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index dropped 14.28 points, or 0.55 percent, to close at 2,600.02. Trade volume was moderate at 569.4 million shares worth 9.31 trillion won ($7.14 billion), with losers outpacing winners 616 to 25. ....
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The Korean economy, which has just emerged from the impact of the COVID-19 pandemic, is facing another rough patch. Faltering key economic indices and lackluster corporate earnings, as well as unfavorable external conditions suggest that the Korean economy could deteriorate further, requiring a considerable amount of time to regain momentum. ....