SEOUL, March 3 Seoul shares posted their worst
daily fall in nearly a month on Monday, dragged down by
escalating geopolitical tensions in Ukraine, while a contraction
in Chinese factory activity prompted investors to lock in recent
The Korea Composite Stock Price Index (KOSPI) closed
down 0.8 percent at 1,964.69 points, its biggest daily drop
since a 1.7 percent decline on Feb. 4.
The main index has risen in seven of the last ten sessions
to gain more than 2 percent by Friday.
Offshore investors sold a net 76.1 billion won ($71.3
million) worth of KOSPI shares, snapping a six-day net buying
Heavyweights led the broader market decline, with tech-giant
Samsung Electronics Co Ltd and steelmaker POSCO
dropping 1.8 percent and 1.9 percent, respectively.
Meanwhile, South Korea's president on Monday nominated a
former senior deputy chief of the central bank to be its next
governor, with the mission of ensuring price stability in Asia's
($1 = 1067.5000 Korean won)
(Reporting by Jungmin Jang; Editing by Eric Meijer)