October 31, 2024 at 03:34 am EDT
(MT Newswires) -- South Korean shares closed lower on Thursday, driven by lackluster third-quarter earnings by key companies in the country.
The Korea Composite Stock Price Index, or Kospi, was down 37.64 points, or 1.45%, to close at 2,556.15. The Kosdaq increased by 4.87 points, or 0.66%, to 743.06.
In economic news, South Korea's index of all industry production declined 1.1% year over year in September, swinging from a 1.3% yearly growth recorded in August, according to data from Statistics Korea released Thursday.
On an on-month basis, industrial production fell 0.3% in September compared with a monthly growth of 1.3% in August.
Growth in the country's manufacturing production index declined 1.4% year over year in September compared with a yearly growth of 3.7% in August. Month-on-month, manufacturing production fell 0.1% last month.
In corporate news, Samsung SDI (KRX:006400) reported third-quarter attributable net income of 229.7 billion won, down 62.5% from 613.2 billion won a year earlier.
Sales for the quarter ended September was 3.936 trillion won, down 29.8% from 5.603 trillion won in the year-ago period, according to a Korea exchange filing.
Shares of Samsung SDI fell nearly 4% at market close on Thursday.
In other news, Posco Holdings (KRX:005490) reported third-quarter net income attributable to shareholders of the parent company of 450 billion won, down from 490 billion won a year earlier.
Sales for the quarter ended September was 18.32 trillion won, declining from 18.96 trillion won in the year-ago period.
Shares of Posco declined more than 1% at market close.

Sumber : MT Newswires