South Korean stocks extended their loss to the sixth consecutive day on Thursday as the won's sharp decline to the U.S. dollar stoked concerns of an outflow of foreign capital from the local stock market, analysts said. The local currency rose slightly against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) shed 15.38 points, or 0.77 percent, to 1,976.16, the lowest level since June 23 when it closed at 1,974.92 points. Trading volume was moderate at 319 million shares worth 4.63 trillion won (US$4.37 billion), with gainers outnumbering losers 446 to 384.