Seoul shares wrapped up the first half of 2007 on Friday with a 22 percent gain on heavy inflows of funds, but caution over the second-half outlook and a drop in Chinese stocks sent the market slightly lower for the day.
The benchmark Korea Composite Stock Price Index fell 0.47 percent to 1,743.60 points, erasing rises of as much as 0.8 percent. During the second quarter, the index advanced by a fifth and hit an all-time high of 1,813.84 points on June 19.
Flat-screen maker LG.Philips LCD pared initial gains to close up 0.24 percent at 41,100 won. Samsung Electronics Co Ltd, dropped 2.08 percent to 566,000 won, losing 7.7 percent during the first half of this year. POSCO Co Ltd rose 1.49 percent to close at 443,500 won.
Foreign investors unloaded a net 3.5 trillion won ($3.78 billion) of shares in the main exchange in June. Trading volume remained sluggish, with 278 million shares changing hands worth 5.3 trillion won, compared with 280 million shares valued at 4.6 trillion won on Thursday.
Advancers slightly led decliners by 407 to 354. The September KOSPI 200 futures index lost 2.10 points to 221.80, while the underlying KOSPI 200 spot index edged down 1.29 points to 221.31. The junior Kosdaq closed flat at 778.69 points.
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