By Cho Hyung-kwon
Staff Reporter

The technology-heavy Kosdaq Stock Market closed at another historic low on Thursday, falling for the sixth straight session as technology and Internet stock led the decline.


The benchmark stock index on the Korea Stock Exchange also closed at its lowest in more than two months as international oil prices surged to a record high, hurting the performance of exporters.
The Kosdaq index tumbled 11.66 points, or 3.42 percent, to 328.44 while the Korea Composite Stock Price Index (KOSPI) fell 13.81 points, or 1.85 percent, to 730.61.

``Lackluster trading activity and falls in other markets in the region weighed on investor sentiment,’’ Daishin Securities said.

ReignCom closed lower near the daily limit of 12 percent at 21,400 won, Daum Communications lost 8.26 percent to 32,750 won and NHN slumped 7.07 percent to 92,000 won.

Asiana Airlines, CJ Home Shopping, Hanaro Telecom and LG Telecom also closed in negative territory.

Foreign and institutional investors unloaded a combined 15 billion won of Kosdaq shares, dragging the index lower.

Declining issues trounced advancers by a four-to-one margin as some 268 million shares changed hands.

On the main exchange, Samsung Electronics lost 2.83 percent to 411,000 won, SK Telecom fell 2.42 percent to 161,000 won and Hynix Semiconductor put off 5.82 percent to 9,700 won.

Other market heavyweights also finished lower with the exception of SK Corp., which gained 0.21 percent to 46,350 won.

Foreign investors sold 1 billion won of shares and institutional investors also dumped 8 billion won of shares.

Falling issues beat gainers by a five-to-two ratio on the trading of 322 million shares.

kevincho@koreatimes.co.kr