South Korean shares, won slip 

Dhaka,  Sat,  22 July 2017
Published : 12 Jun 2017, 15:07:11
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South Korean shares, won slip 

South Korean shares, won slip 
South Korean shares fell on Monday as a drop for the US technology sector hurt sentiment, dragging the local sub-index for electric and electronics shares down nearly 2.0 per cent. 

The Korea Composite Stock Price Index (KOSPI) closed down 1.0 per cent at 2,357.87 points.

LG Display was one of the biggest losers, ending 4.9 per cent down. At one point, it was off 5.5 per cent, the biggest daily percentage drop since mid-February.

Foreign investors sold a net 144.7 billion won ($128.35 million) of KOSPI shares for the day.

The South Korean won buckled against the dollar due to a cautious mood ahead of Federal Reserve's June meeting, where a US rate hike is largely expected.

The won was quoted at 1,127.3 to the dollar at the conclusion of onshore trade, down 0.4 percent from Friday's close of 1,123.2, according to Reuters. 
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