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Key S. Korean stock index loses 3.9 pc to 963.58.

SEOUL, Dec. 15 Kyodo South Korean stock prices were hacked by profit-taking by foreign and institutional players prior to the year-end closure with the key index diving 3.9% Wednesday, reports Yonhap.

The benchmark index, which at one stage slipped into the 950-point range due to heavy selling by short-term spot funds, ended at 963.58, down 39.06 points.

Volume slipped to 356 million shares on turnover of 4.60 trillion won.

Decliners decked advancers 677 to 187 with 31 others ending unchanged.

Recently popular telecom and semiconductor stocks fell sharply amid the profit-taking spree.

SK Telecom slipped 97,000 won, while Samsung Electronics fell 11,000 won.
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Publication:Asian Economic News
Date:Dec 20, 1999
Words:109
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