SEOUL Dec 4 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
The Korea Composite Stock Price Index (KOSPI) closed
down 1.1 percent at 1,986.80 points, its lowest close since
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)