S.Korea shares at near 3-week closing low on Fed tapering talk
SEOUL Dec 4 (Reuters) - South Korean shares fell to their lowest close in nearly three weeks on Wednesday, pressured by foreign selling of local shares in fear that the U.S. Federal Reserve could begin scaling down its stimulus earlier than anticipated.
The Korea Composite Stock Price Index (KOSPI) closed down 1.1 percent at 1,986.80 points, its lowest close since Nov.14.
Foreign investors sold a net 404.6 billion won ($381.27 million) worth of local shares, most since June 21 to weigh on the main bourse.
Automaker Hyundai Motor Co extended its skid to a fifth consecutive session on a November sales decline and the weaker yen, dropping 2.5 percent on Wednesday, on track for the worst weekly performance since first week of April. ($1 = 1061.2000 Korean won) (Reporting by Jungmin Jang; Editing by Kim Coghill)
- U.S. military strike in Somalia targeted al Shabaab leader
- Marilyn Monroe sex film to be kept private |
- Actress Jennifer Lawrence contacts authorities after nude photos hacked
- Ukraine accuses Russia of 'undisguised aggression' as rebels advance |
- Florida-bound Delta flight diverted over reclining seat dispute