(For the midday report, please click )
SEOUL, March 12 Seoul shares slid to their
lowest point in three weeks on Wednesday as political tensions
in Ukraine on top of persisting worries about the economic
growth outlook in China and the United States dampened appetite
for riskier assets.
The Korea Composite Stock Price Index (KOSPI) closed
down 1.6 percent at 1,932.54 points on Wednesday. The index
touched an intraday low of 1,930.48, its lowest since Feb. 20.
The KOSPI also suffered its biggest daily loss since Feb. 4.
Foreign investors sold a net 218.3 billion won ($205
million) worth of South Korean stocks on Wednesday and
institutional investors offloaded a net 203.7 billion won worth.
Market bellwether Samsung Electronics lost 2.1
Concerns over the health of the global economy also hurt
shipbuilders, with Daewoo Shipbuilding & Marine Engineering Co
and Samsung Heavy Industries Co Ltd
tumbling 4.2 percent and 4.1 percent, respectively.
($1 = 1065.1500 Korean Won)
(Reporting by Christine Kim; Editing by Chris Gallagher)