[SEOUL] South Korean shares slipped on Friday as appetites for stocks wanted, which some analysts said could signal an end to a rally that started in mid-September.

The Korea Composite Stock Price Index (Kospi) closed down 0.6 per cent at 2,053.80 points.

Offshore investors turned into net buyers by the end of the session. They purchased a net 36.7 billion won (S$45.12 million) worth of Kospi shares.

The South Korean won inched down and was quoted at 1,115.5 to the US dollar at the conclusion of onshore trade, down 0.3 per cent from Thursday's close of 1,112.2.

The currency lost 1.3 per cent against the US dollar on a weekly basis.

REUTERS