Seoul shares dip on net selling by institutions
Seoul
Seoul - Yonhap
South Korean stocks dipped for the second session in a row Monday as institutions offloaded shares amid worries over second-quarter earnings reports. The local currency rose against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) started the day on a positive note and rose to as high as 2,030.61 during the trading session. It later lost ground on steadfast selling by institutions that caused the market to settle at 2,018.50, down a slight 0.05 percent, or 0.92 points, from Friday's close.
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