Seoul: Stocks fall as Covid-19 cases spike to second-highest ever

[SEOUL] South Korean shares fell on Wednesday by their most in more than two weeks, as the country reported its second-highest number of daily new Covid-19 cases ever.

The benchmark Kospi ended down 19.87 points, or 0.60 per cent, at 3,285.34, marking its biggest decline since June 21.

South Korea reported 1,212 new cases on Wednesday, with health authorities considering pushing restrictions back up to the highest level.

Foreigners were net sellers of 341.7 billion won (S$404.6 million) worth of shares on the main board.

Investors were awaiting minutes from the US Federal Reserve's June meeting for clues on its monetary policy.

REUTERS