Seoul: Stocks break 7-day rally on profit-taking, won nearly steady

[SEOUL] South Korean shares snapped a seven-day rally on Tuesday as domestic institutions took profits.

The Korea Composite Stock Price Index (Kospi) closed down 0.2 per cent at 2,016.89 points.

Foreign investors have been buyers for nine straight days, and purchased a net 305.7 billion won (S$363.90 million) of Kospi shares on Tuesday.

The South Korean won pared some earlier losses and held steady near-end session.

The won was quoted at 1,135.5 to the US dollar at the conclusion of onshore trade, up 0.1 per cent compared to Monday's close of 1,136.4.

REUTERS