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Seoul: Stocks step down on offshore stock-selling, won calm

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[SEOUL] South Korean shares ended lower on Wednesday as foreign investors sold stocks later in the session to take profits from Tuesday's price rises.

The Korea Composite Stock Price Index (Kospi) closed down 0.5 per cent at 2,053.06.

Offshore investors were net sellers, offloading 113.9 billion won (S$141.32 million) worth of Kospi shares.

The South Korean won was 1,096.8 to the US dollar at the end of onshore trade, barely changed from Tuesday's close of 1,096.5.

REUTERS