SEOUL: Seoul shares fell on Wednesday morning, pressured by foreign selling after Wall Street lost ground, with losses led by chemical and refinery stocks.
The Korea Composite Stock Price Index (KOSPI) was down 0.5 per cent at 2,008.65 points as of 0222 GMT. In the previous session, the index snapped a five-day winning spree. Losers outnumbered by gainers by 17 to 10.
Foreigners were set to end their five-day buying spree and have offloaded a net 23.7 billion won($20.59 million) worth of shares in the main board by midday.
Refinery SK Innovation Co Ltd and S-Oil Corp lost 2.7 per cent and 3.6 per cent, respectively, as oil prices closed lower overnight. LG Chem Ltd shares were down 3.7 per cent.
