Seoul stocks ended down for a fourth straight session on June 17 as investors remained cautious ahead of a Federal Reserve meeting this week and the Group of 20 summit this month. The won fell against the US dollar.
The benchmark Kospi fell 4.68 points, or 0.22 percent, to close at 2,090.73. Trade volume was moderate at 547.9 million shares worth 3.98 trillion won ($3.4 billion), with losers outnumbering gainers 472 to 342.
Foreigners sold a net 138 billion won worth of stocks, fully offsetting stock purchases valued at 136 billion won by institutions and individuals.
The local currency closed at 1,186.50 won against the US dollar, down 1.20 won from the previous session’s close.
By Ram Garikipati and newswires (firstname.lastname@example.org