Seoul: Shares post worst day in nearly 10 weeks; won down
[SEOUL] South Korean shares slumped on Monday in choppy trading, with investors avoiding risk after Chinese stocks extended last week's sharp losses.
The Korea Composite Stock Price Index (KOSPI) closed 1.8 per cent lower at 1,991.97 points, posting the biggest one-day per centage loss since Sept. 23.
Foreign investors were net sellers, offloading 538.7 billion won (S$657.3 million) of KOSPI shares on the main board, preliminary data showed.
The South Korean won was quoted at 1,158.1 to the dollar at the conclusion of onshore trade, down 0.4 per cent from Friday's close of 1,153.0.
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
Mixed trading in Asia as investors watch for further macro data; STI down 0.2%
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard