The Business Times

Seoul: Shares fall 1% on nagging growth worries; won lower

Published Fri, Oct 17, 2014 · 06:29 AM
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[Seoul] South Korean shares fell nearly 1 per cent on Friday as investors cut their risk exposure amid mounting fears of slowing global growth and a possible renewal in the euro zone's debt crisis.

The Korea Composite Stock Price Index (KOSPI) fell 0.95 per cent to close at 1,900.66 points, dipping below 1,900 points in late trade for the first time since Feb 6.

The index loss 2.1 per cent on the week.

The South Korean won softened, weighed as offshore investors repatriated their funds to record an 11th straight net selling session.

The won was quoted at 1,065.9 to the dollar at the conclusion of onshore trade, compared to Thursday's session close of 1,061.5. REUTERS

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