Seoul: Stocks slip, hurt by export sector; won down

[SEOUL] South Korean shares extended losses on Wednesday as investors took defensive positions on weakness in the export sector and following sharp foreign selling.

The Korea Composite Stock Price Index (KOSPI) ended down 0.7 per cent at 2,009.29 points, reversing Tuesday's rally.

Foreign investors were net sellers, offloading a net 318 billion won (S$384.7 million) worth of KOSPI shares, preliminary data showed.

The Korean won fell for five consecutive sessions, ending local trade 0.5 per cent lower at 1,164.3 per dollar compared with Tuesday's close of 1,158.0.

REUTERS