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Seoul shares end near 11-month low; China outlook, Fed weigh
June 20, 2013 / 6:13 AM / 4 years ago

Seoul shares end near 11-month low; China outlook, Fed weigh

SEOUL, June 20 (Reuters) - Seoul shares fell 2 percent to end at its lowest in nearly 11 months on Thursday, as the U.S. Federal Reserve signalled an eventual reduction of easy money and China’s factory activity hit a nine-month low.

The Korea Composite Stock Price Index ended down at 1,850.49 points.

The market’s key components were hammered, with Samsung Electronics falling 2.9 percent and finishing at a 7-month closing low.

Foreign investors were sellers for a 10th straight session, the longest selling streak in three months. (Reporting by Jungyoun Park; Editing by Jacqueline Wong)

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