SEOUL: Seoul shares closed lower on Monday after touching a month-low in early trading on growing prospects the US Federal Reserve will raise interest rates in September on the back of a solid US jobs report.
The Korea Composite Stock Price Index (KOSPI) closed down 0.4 percent at 2,003.17 points, falling for a third consecutive session. It fell as much as 0.8 percent to 1,993.96 points in the morning, the lowest since July 9.
Foreigners were net sellers for a fourth straight day, offloading a net 218.9 billion won ($188 million) worth of KOSPI shares during the period.
The won closed up 0.4 percent at 1,163.2 per dollar as investors pared bullish bets on the greenback following US non-farm payrolls data.
