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Seoul: Shares fall after posting a 4-year high; won firms
[SEOUL] South Korean shares erased early gains to fall on Friday, stepping back from a near four-year high scored in the session as some investors took profits.
The Korea Composite Stock Price Index (KOSPI) was down 0.6 per cent at 2,159.80 points. KOSPI touched as high as 2,189.54 points, its highest intraday level since July 8, 2011. It was up 0.8 per cent this week, rising for a fourth consecutive week.
The won ended local trade up 0.3 per cent at 1,079.4 per dollar. It closed at 1,082.2 on Thursday. The currency climbed 0.4 per cent this week.