South Korean stocks retreated for a second straight session Monday, as investors turned risk-averse ahead of the U.S. Federal Reserve’s policy meeting this week and the deepening Ukraine crisis. The Korean won sharply fell against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) lost 15.63 points, or 0.59 percent, to close at 2,645.65 points.
Trading volume was moderate at about 629 million shares worth some 11.9 trillion won (US$9 billion), with losers outnumbering gainers 617 to 253.
Foreigners sold a net 639 billion won, while institutions bought 5 billion won and retail investors purchased 625 billion won.
Source: Yonhap News Agency