Seoul shares slip on pre-holiday selloff, Fed outcome eyed
SEOUL, Sept 17
SEOUL, Sept 17 (Reuters) - Seoul shares ended 0.4 percent lower on Tuesday as profit-taking ahead of a three-day holiday and the U.S. Federal Reserve policy meeting more than offset foreign buying, with selling in Samsung Electronics weighing down the main index.
The Korea Composite Stock Price Index (KOSPI) lost 7.79 points to end at 2,005.58 points. South Korean markets will be closed from Wednesday for the rest of the week for the Chuseok holidays. Trade will resume on Sept. 23.
Foreign investors extended their net-buying streak to an 18th consecutive session, purchasing 387.4 billion won ($357.95 million) worth of local shares on Tuesday alone.
Market heavyweight Samsung Electronics Co Ltd fell 2.7 percent on concerns about profits from its home appliance business due to falls in emerging-market currencies. ($1 = 1082.2750 Korean won) (Reporting by Jungmin Jang; Editing by Choonsik Yoo & Shri Navaratnam)
- White House reverses, says Obama met uncle and lived with him during law school
- South Africans, some fearful, wake to life without Mandela |
- U.S. television, Twitter, alive with new version of 'Sound of Music'
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image
- Ford leans on global Mustang to burnish overseas image