Seoul: Stocks end near 3-week low on global gloom; won flat

[SEOUL] South Korean shares fell on Thursday, with local institutions accelerating their selling late in the session on concerns about slowing global economic growth.

The Korea Composite Stock Price Index (Kospi) closed down 0.9 per cent at 1,951.99 points, its lowest in three weeks.

Foreign investors turned to buyers later in the day, after four straight selling sessions. They bought a net 42 billion won (S$48.35 million) worth of Kospi shares.

The South Korean won was quoted at 1,171.4 to the dollar at the conclusion of onshore trade, up 0.2 per cent compared to Wednesday's close of 1,173.3.

REUTERS