Tech stocks fall, South Korean stock index gives back early gains

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Gelonghui March 20 | In the morning late trading, major technology stocks turned down due to foreign selling, and the Korean stock market gave up its early gains. Foreign investors net sold 12.6 trillion won (approximately $8.42 billion), and the KOSPI index reduced its early gains. Retail investors and institutions net bought 746.4 billion won and 524.8 billion won worth of Korean stocks, respectively. Leading stocks Samsung Electronics fell 0.25%, SK Hynix declined 0.2%. Battery manufacturer LG Energy Solution rose 0.94%, Doosan Heavy Industries gained 3.29%. Biotech and financial stocks rose. On the other hand, artificial intelligence investment company SK Square dropped 1.8%, defense giant Hanwha Aerospace fell 4.73%. Major shipbuilder Hyundai Heavy Industries declined 0.71%, Samsung Electro-Mechanics fell 2.71%.

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