South Korea's benchmark KOSPI index retreated 28.9 points, marking a 0.9% decline, to settle at 3,186.38 on July 16. The downward movement reflected cautious market sentiment amid ongoing economic uncertainties. Trading activity remained subdued as investors weighed regional economic indicators and global monetary policy trajectories. This pullback interrupted the index's recent consolidation pattern, though it stayed within its established trading range. Market analysts noted technical resistance near the 3,200 psychological barrier contributed to the day's bearish momentum.
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