KOSPI Down, Won Gains for 5th Session

Korean shares closed lower on heavy selling by foreigners

The benchmark Korea Composite Stock Price Index (KOSPI) on Thursday lost five points to close at 1783.

Individuals and institutions were net buyers, while foreign investors heavily sold tech shares.
The tech-heavy KOSDAQ also dropped three points to finish at 476.

On the Seoul foreign exchange market, the local currency gained one-point-eight won against the U.S. dollar to close at 1166-point-five won to the greenback. The won gained for the fifth straight session.