Seoul shares drop on foreign selloff; Samsung Elec, autos weigh
SEOUL Jan 25 (Reuters) - South Korean shares fell on Friday on the largest foreign selloff in more than a year on weak earnings by automakers and as currency moves spurred profit-taking.
Samsung Electronics declined 2.5 percent to an 8-week low, while Hyundai Motor and Kia Motors plunged 3.4 percent and 4.9 percent respectively.
The Korea Composite Stock Price Index (KOSPI) was down 0.9 percent to close at 1,946.69 points. (Reporting by Joyce Lee; Editing by Sanjeev Miglani)
- Islamic State video claims to show beheading of U.S. journalist |
- Gaza war rages on, Hamas says Israel tried to kill its military chief |
- U.S. attorney general headed for racially charged St. Louis suburb
- 'No' from one Iraq villager triggered Islamic State mass killings |
- Islamic State says beheads U.S. journalist, holds another