Seoul stocks fell nearly 3 percent Monday, led by heavy foreign selling, as an intensifying conflict surrounding Iran deepened concerns about global oil supplies and market uncertainties. The Korean won weakened against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 161.57 points, or 2.97 percent, to 5,277.3, extending the losing streak to a third session.
Trade volume was moderate at 721.04 million shares worth 20.66 trillion won (US$13.64 billion), with losers outnumbering winners 749 to 154.
Foreigners sold a net 2.13 trillion won worth of shares, while institutional and retail investors purchased a net 883.16 billion won and 897.35 billion won worth of shares, respectively.
Related
