Seoul: Stocks slip for 3rd consecutive session, won up

[SEOUL] South Korean shares slipped on Friday, as the European Central Bank underwhelmed investors with its weaker-than-expected stimulus measures.

The Korea Composite Stock Price Index (KOSPI) closed down 1 per cent at 1,974.40 points, falling for its third consecutive session. For the week, it lost 2.7 per cent.

Foreign investors were net sellers for a third straight session, offloading a net 359 billion won (S$432.96 million) worth of shares in the main board during the period.

The South Korean won ended local trade 0.7 per cent higher at 1,156.7 against the dollar. On a weekly basis, it lost 0.3 per cent, snapping a two-week winning streak.

REUTERS