S. Korean stocks down on US rate hike, oil price concerns
Aug 24, 2016
[THE INVESTOR] South Korean shares closed slightly lower on Aug. 24, as foreign investors turned to selling amid concerns of a US rate hike and continued decline in global oil prices. The local currency also lost ground against the US dollar.The benchmark KOSPI slipped 6.17 points, or 0.3 percent, to 2,043.76. Trading volume was slim, at 280.2 million shares worth 4.03 trillion won (US$3.59 billion).Gainers outnumbered losers 404 to 388.The index opened slightly up, but later pared earlier gains