Seoul: Stocks close at lowest in 5-1/2 months, won down
[SEOUL]South Korean shares ended at its lowest in five-and-half months on Friday in choppy trade, as investors flocked to safe-haven assets, selling off local equities.
The Korea Composite Stock Price Index (KOSPI) closed down 1.4 per cent at 1,835.28 points, its lowest closing level since Aug 24, 2015. For the week, stocks tumbled 4.3 per cent.
Foreign investors weighed on the index, dumping a net 298.2 billion won (S$344.08 million) worth of KOSPI shares, preliminary data showed.
The South Korean won was quoted at 1,211.7 to the dollar at the conclusion of onshore trade, down 0.8 per cent compared with Thursday's close of 1,202.5.
On a weekly basis, the won lost 1.2 per cent.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Euro at highest to yen since 2008, markets nervy over Tokyo stepping in
Singapore stocks track Wall Street gains on Tuesday; STI up 1.5%
UBS lifts Chinese stocks to overweight in rare upgrade call
Asia: Most markets rise with earnings, US data in view
Singapore banks lead market surge again on easing Middle East tensions; STI up 1%
Stocks to watch: Clar, Keppel Reit, ESR-Logos Reit, Nanofilm, LHN