Go Search Go Contents Go to bottom site map

(LEAD) Seoul shares end lower on foreign selling

2018/02/09 16:38

Article View Option

(ATTN: ADDS bond prices at bottom)

SEOUL, Feb. 9 (Yonhap) -- South Korean stocks ended lower Friday as foreigners dumped local stocks in the face of market jitters and losses on Wall Street. The won fell against the dollar.

The benchmark Korea Composite Stock Price Index fell 43.85 points, or 1.82 percent, to 2,363.77.

Foreigners sold a net 308.94 billion won (US$283 million) of shares, exceeding net buying of a combined 292.34 billion won by institutions and individuals. On Thursday, the Dow Jones Industrial Average fell a sharp 4.15 percent to 23,860.46.

Most large-cap stocks declined across the board.

Market bellwether Samsung Electronics Co. fell 2.83 percent to 2,235,000 won, No. 2 chipmaker SK hynix Inc. declined 0.68 percent to 73,400 won and top carmaker Hyundai Motor Co. was down 3.73 percent.

Among gainers, national flag carrier Korean Air Lines Co. rose 1.41 percent to 36,000 won, and Jeju Air Co. jumped 7.63 percent to 43,750 won after reporting solid earnings results for 2017.

The local currency closed at 1,092.10 won against the dollar, down 4.20 won from the previous session's close.

Bond prices, which move inversely to yields, ended lower. The yield on three-year Treasurys rose 0.6 basis point to 2.278 percent, and the return on benchmark five-year government bonds climbed 0.9 basis point to 2.525 percent.