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SEOUL May 2 Seoul shares inched down on Friday
and for the week as foreign investors' net selling extended into
a fourth session ahead of key U.S. jobs data and a four-day
weekend, while the won inched up to finish the week
The Korea Composite Stock Price Index (KOSPI) closed
down 0.1 percent at 1,959.44 points, extending its losing skid
to a seventh session. The index slipped 0.6 percent for the
Foreign investors sold a net 150 billion won ($145 million)
worth of KOSPI shares, bringing their net selling to 507.8
billion Korean won during a four-day selloff.
The local currency was quoted at 1,030.3 versus
the dollar at the end of onshore trade, up 0.3 percent from
Wednesday's close at 1,033.2.
On a weekly basis, the won rose 1.1 percent after two
straight weeks of weekly declines.
Local financial markets, which were closed on Thursday, will
shut again on May 5 and 6 for holidays.
($1 = 1033.3000 Korean Won)
(Reporting by Jungmin Jang; Editing by Chris Gallagher)