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(LEAD) Seoul stocks end lower on foreign selling

All News 16:21 December 12, 2017

(ATTN: ADDS bond prices at bottom)

SEOUL, Dec. 12 (Yonhap) -- South Korean stocks ended lower Tuesday as foreigners continued to offload local stocks on profit-taking. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 10.49 points, or 0.42 percent, to close at 2,461.00. Trade volume was moderate at 276.73 million shares worth 5.068 trillion won (US$4.6 billion).

Foreigners sold a net 241.9 billion won worth of stocks, outweighing a combined buying worth 207.75 billion won by institutions and individuals.

Large-cap stocks were mixed across the board.

Market bellwether Samsung Electronics Co. rose 0.62 percent to 2,605,000 won, while No. 2 chipmaker SK hynix Inc. fell 1.14 percent to 77,800 won. Top carmaker Hyundai Motor Co. ended flat at 150,000 won amid ongoing strikes at its main domestic plants.

Domestic players ended down, with cosmetics giant AmorePacific Corp. falling 4.01 percent to 311,500 won and dominant tobacco company KT&G Corp. dropping 1.26 percent to 118,000 won.

The local currency closed at 1,092.40 won against the U.S. dollar, down 0.10 won from the previous session's close.

Bond prices, which move inversely to yields, ended higher. The yield on three-year Treasurys fell 1.0 basis point to 2.077 percent, and the return on the benchmark five-year government bond declined 1.5 basis points to 2.286 percent.


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