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Home International Markets

South Korean stocks turn lower at end, KOSPI down 0.1pc

byShamim Akhter
27/11/2015
in International Markets
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SEOUL: South Korean shares turned lower on Friday as foreign selling put paid to early gains, though the market managed to post a solid rise for the week.

The Korea Composite Stock Price Index (KOSPI) ended down 0.1 per cent to 2,028.99 points.

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On a weekly basis, it rose 2.0 per cent, the sharpest weekly percentage gain in seven weeks.

The South Korean won closed the local trade down 0.5 per cent to 1,153.0 per dollar, in line with sluggish emerging market currencies. It had lost 0.1 per cent for the week.

Foreigners were net sellers, dumping a net 40.1 billion won ($34.81 million) worth of stocks on the main board, preliminary data showed.

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