Overview

• The KOSPI closed at 3,079.56, ending its two-day rally with a 28.69-point drop as investors booked profits.
• Foreigners and institutions sold a combined 843.24 billion won of shares while individual investors bought a net 833.55 billion won.
• U.S. markets ended mixed with the Dow Jones down 0.25 percent and the Nasdaq Composite up 0.31 percent on hopes of Federal Reserve rate cuts.
• Bond prices rose on flight-to-safety flows, driving three-year Treasury yields down 0.6 basis point to 2.454 percent and five-year yields down 2 basis points to 2.599 percent.
• Market leaders Samsung Electronics and Hyundai Motor dragged indices lower while SK hynix and Korea Electric Power Corp. logged gains.