You are here

Seoul: Shares fall, foreigners sell for 10th day; won flat

China stocks tumbled again in late trading on Thursday, underscoring fragile investor confidence in the market as worries about the world's second-largest economy persist.

[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.