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Seoul: Shares post biggest daily loss in 4 months; won down

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South Korean shares posted their biggest daily loss in near four months on Wednesday as weakness in global shares and profit-taking took their toll, with brokerage shares leading losses.

[SEOUL] South Korean shares posted their biggest daily loss in near four months on Wednesday as weakness in global shares and profit-taking took their toll, with brokerage shares leading losses.

The Korea Composite Stock Price Index (KOSPI) was down 1.3 per cent at 2,014.58 points, its lowest close in three weeks.

It closed at 2,132.23 on Monday. The market was closed on Tuesday for the Children's Day holiday.

Brokerage shares plunged 8 per cent, their largest daily fall since Jan 15, 2009.

The won ended local trade down 0.1 per cent at 1,080.0 per dollar, sliding for a third consecutive session. It closed at 1,079.2 on Monday.

REUTERS