Seoul shares slip from year’s highs on profit-taking
Sept 7, 2016
[THE INVESTOR] South Korean stocks shed 0.23 percent paring earlier gains, as investors sought to lock in recent gains, analysts said. The Korean won rose sharply against the US dollar.The benchmark KOSPI fell 4.65 points to close at 2,061.88. Trade volume was moderate at 678 million shares worth 4.98 trillion won (US$4.57 billion), with losers outnumbering gainers 494 to 304.The local stock market opened higher as weaker than expected economic data reduced the chance of the US Federal Reserve b