Seoul: Stocks end lower on renewed oil fall; won down
[SEOUL] South Korean shares ended slighty lower after wavering between positive and negative territory on Wednesday, as a renewed slide in oil prices caused pain across commodity-linked sectors and prompted selling by foreign investors.
The Korea Composite Stock Price Index (KOSPI) closed down 0.1 per cent at 1,912.53 points.
Offshore investors were net sellers, unloading a net 16.2 billion won (S$18.5 million) of KOSPI shares, preliminary data showed.
The South Korean won eased on aversion to riskier assets.
The local currency was quoted at 1,234.4 to the dollar at the conclusion of onshore trade, down 0.3 per cent compared with previous onshore close of 1,231.1.
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
US: Stocks end mostly lower after volatile session
US dollar rally stalls after rare FX warning from finance chiefs
Genting Singapore propels convincing Singapore market rebound; STI up 1.1%
Asia: Markets rise as traders consider US rate outlook
China reiterates need for steady yuan amid fragile confidence
Singapore shares climb at Thursday’s open; STI up 0.3%