Seoul: Stocks slip, hurt by export sector; won down
[SEOUL] South Korean shares extended losses on Wednesday as investors took defensive positions on weakness in the export sector and following sharp foreign selling.
The Korea Composite Stock Price Index (KOSPI) ended down 0.7 per cent at 2,009.29 points, reversing Tuesday's rally.
Foreign investors were net sellers, offloading a net 318 billion won (S$384.7 million) worth of KOSPI shares, preliminary data showed.
The Korean won fell for five consecutive sessions, ending local trade 0.5 per cent lower at 1,164.3 per dollar compared with Tuesday's close of 1,158.0.
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
Europe: Stocks retreat on earnings gloom, weak US economic data
US: Stocks hit by GDP data, Meta results
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
South Korea readies new system to detect illegal short-selling