Seoul: Stocks slide to 6-week lows on foreign sales, won steady
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SEOUL] South Korean shares finished at six-week lows on Wednesday, as foreign investors took profit amid increasing caution over the Federal Reserve's next policy decision.
The Korea Composite Stock Price Index (Kospi) closed down 1.1 per cent at 2,013.89 points, its lowest closing level since Sept. 13, 2016.
Offshore investors sold a net 82.8 billion won (S$101.5 million) worth of Kospi shares.
The South Korean won, which was firmer earlier in the session, changed course just before the closing bell as a sharp drop in the main board pressured the currency.
The won was quoted at 1,134.0 to the US dollar at the conclusion of onshore trade, little changed compared with Tuesday's close of 1,133.5.
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
