(For the midday report, please click )
SEOUL Feb 24 South Korean shares extended
losses on Monday afternoon as tumbling China stocks weighed on
risk sentiment already dented by soft U.S. housing data, but
losses were capped as some investors hunted for bargains.
The Korea Composite Stock Price Index (KOSPI) closed
down 0.5 percent at 1,949.05 points.
China shares fell to their lowest in two weeks on Monday,
also hurting Hong Kong markets, on reports saying banks have
begun tightening property loans.
Institutions, who were buyers in early trade, turned sellers
to offload a net 61.3 billion won ($57.18 million) worth.
Foreigners sold a mere net 800 million won on Monday.
Services suffered the most, with internet content service
provider Naver Corp finishing down 3 percent while
game company NCSoft extended its fall, sliding 7.4
($1 = 1072.0000 Korean won)
(Reporting by Christine Kim; Editing by Kim Coghill)