Seoul: Shares fall, foreigners sell for 10th day; won flat
[SEOUL] Seoul shares touched a seven-month low on Wednesday on renewed worries over the health and financial stability of the Chinese economy after share prices there fell sharply.
The Korea Composite Stock Price Index (KOSPI) ended down 0.9 per cent at 1,939.38 points, after falling as much as 2.1 per cent to 1,915.91, its lowest since Jan 21.
Foreigners were net sellers for a 10th consecutive session, marking their longest selling spree since Dec 23, 2014.
During the period, they sold a net 1.20 trillion won (S$1.42 billion) worth of shares on the main board, preliminary data showed.
The South Korean won closed local trade at 1,185.3 on the dollar, barely changed from the previous close at 1,185.0.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Stocks to watch: CICT, Seatrium, Keppel DC Reit, UOB
Europe: Industrials boost Stoxx 600 as earnings season rolls in
US: Stocks end mostly lower after volatile session
US dollar rally stalls after rare FX warning from finance chiefs
Genting Singapore propels convincing Singapore market rebound; STI up 1.1%
Asia: Markets rise as traders consider US rate outlook