Seoul: Stocks erase early gains to turn lower; won drops 1%
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SEOUL] South Korean shares erased early gains to end lower on Monday, as foreigners sold for a fourth straight session.
The Korea Composite Stock Price Index (KOSPI) closed down 0.5 per cent at 1,963.67 points. Early in the session, it had shown a gain of 0.7 per cent to peak at 1,988.04 points.
Foreigners sold a net 147.7 billion won (S$177.13 million) worth of KOSPI shares during the session, preliminary data showed.
The South Korean won closed down 1 percent by the onshore market's close, quoted at 1,168.2 to the dollar. It was the biggest daily percentage fall since Nov 13.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
