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Most Asian markets lurched lower on this Wednesday as investors booked profits on a range of
once-crowded positions largely to th benefit of bonds and the detriment of the U.S. dollar.
The Korean market was no exception. Seoul shares slipped to their lowest close
in four weeks as foreign capital flowed out ahead of the key U.S. Federal Reserve policy
meeting next week. Foreign investors sold a net 204.24 million
U.S. dollars of local shares, pulling down the market.
At the closing bell, the benchmark KOSPI was down
at its lowest close since Nov. 14. Most of the day's loss came in the afternoon.
