Seoul: Stocks end lower on renewed oil fall; won down
[SEOUL] South Korean shares ended slighty lower after wavering between positive and negative territory on Wednesday, as a renewed slide in oil prices caused pain across commodity-linked sectors and prompted selling by foreign investors.
The Korea Composite Stock Price Index (KOSPI) closed down 0.1 per cent at 1,912.53 points.
Offshore investors were net sellers, unloading a net 16.2 billion won (S$18.5 million) of KOSPI shares, preliminary data showed.
The South Korean won eased on aversion to riskier assets.
The local currency was quoted at 1,234.4 to the dollar at the conclusion of onshore trade, down 0.3 per cent compared with previous onshore close of 1,231.1.
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
Wall Street bonus rules return to regulatory agenda in third try
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Israel hits back, markets react; STI down 0.4%