logo

Seoul shares down 0.71 pct

Monday, 13 October 2014


South Korean stocks ended 0.71 per cent lower Monday as woes over weak global economy growth weighed down on investor sentiment, analysts said. The South Korean won rose against the US dollar. The benchmark Korea Composite Stock Price Index (KOSPI) fell 13.71 points to 1,927.21. Trading volume was moderate at 304.1 million shares worth 3.95 trillion won (US$3.7 billion), with decliners beating gainers 698 to 142. Foreigners sold a net 317.49 billion won, and retail investors offloaded a net 77.07 billion won. Institutions bought more shares than they sold at 375.93 billion won. No. 2 chipmaker SK hynix fell 1.18 per cent to 41,700 won amid the rising woes over the global semiconductor industry. LG Electronics dropped 2.08 per cent to 65,900 won, and LG Display also shed 5.33 per cent to end at 32,000 won, according to yonhapnews.co