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Seoul: Shares end lower, but book solid weekly gains; won down


[SEOUL] South Korean shares turned lower on Friday as foreign selling put paid to early gains, though the market managed to post a solid rise for the week.

The Korea Composite Stock Price Index (KOSPI) ended down 0.1 per cent to 2,028.99 points.

On a weekly basis, it rose 2.0 per cent, the sharpest weekly per centage gain in seven weeks.

The South Korean won closed local trade down 0.5 per cent to 1,153.0 per dollar, in line with sluggish emerging market currencies. It lost 0.1 per cent for the week.

Foreigners were net sellers, dumping a net 40.1 billion won (S$49 million) worth of stocks on the main board, preliminary data showed.