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Seoul: Shares close at 4-month low; won down on China rout


[SEOUL] South Korean shares and the won currency fell on Thursday as Chinese stock markets plunged for the second time this week and Beijing continued to let the yuan weaken.

The Korea Composite Stock Price Index (KOSPI) ended down 1.1 per cent at 1,904.33 points, touching a four-month low.

Offshore investors extended their selling streak into a 24th straight session.

During the period, they sold a net 3.9 trillion won worth of KOSPI shares in the main board, preliminary data showed.

The South Korean won pared sharp early losses and closed down 0.2 per cent at 1,200.6 per dollar. It slipped as much as 0.5 per cent to 1,203.7 early in the session.