The Business Times

Seoul: Shares weighed down by tech counters; won lifted by China data

Published Mon, Oct 13, 2014 · 06:23 AM

[SEOUL] South Korean shares fell on Monday as tech shares underperformed, though losses were pared by bargain-hunting after the benchmark index touched a seven-month low as soon as the session began.

The Korea Composite Stock Price Index (KOSPI) fell 0.71 per cent to close at 1,927.21 points.

The South Korean won firmed slightly against the dollar, consolidating modest gains after the release of unexpectedly strong September trade data from China, South Korea's largest export market.

The local currency was quoted at 1,067.9 to the dollar at the conclusion of onshore trade on Monday, compared to Friday's closing rate of 1,070.5. - Reuters

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