Seoul shares ended little changed on Tuesday, with insurers gaining on an improving earnings outlook, but LG Electronics and LG Corp fell after Sovereign Asset Management said it sold its entire stake in the firms.
Foreign investors kept up the selling pressure, taking their combined net sales over the past six sessions to 646.5 billion won ($631 million), while profit-taking also emerged to cash in on the prior session's sharp gains.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 0.08 percent to end at 1,115.84. The index rose 2.46 percent on Monday, its biggest one-day percentage gain in nearly 10 months.
LG Electronics Inc ended 1.86 percent lower at 63,300 won while LG Corp dropped 4.39 percent to 25,050 won after Dubai-based private fund Sovereign said it had sold its entire stakes in both firms.
Woori Financial Group, South Korea's third-ranked financial services provider, fell 1.5 percent to 13,150 won.
Trade volume reached around 340 million shares worth 2.8 trillion won compared to 383.4 million shares worth 2.7 trillion won on Monday. Gainers slightly edged out decliners by 382 to 356 with 79 titles ending flat. Foreign investors sold a net 167.49 billion won in shares on the main bourse, Korea Exchange data at 0635 GMT showed. Retail investors bought a net 37.34 billion won and institutional investors bought a net 86.65 billion won.
The September KOSPI 200 futures index fell 0.50 point to 144.30 and the underlying KOSPI 200 spot index edged down 0.13 point to 144.27. South Korea's junior and tech heavy Kosdaq market rose 0.59 percent to finish at 521.38, marking its third consecutive winning session.
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