Seoul shares posted their lowest close in over two months on Wednesday, hit by continuous foreign selling, but automakers bounced back with car parts maker Mando soaring 34 percent in its market debut. Total net sales for the four sessions reached 1.6 trillion won ($1.4 billion), stoking concerns about heavy fund outflows from South Korean markets.
The Korea Composite Stock Price Index declined 0.80 percent to 1,630.08 points, its lowest finish since early March. Hyundai Motor jumped 3.3 percent on the solid outlook for overseas sales and Kia Motors advanced 2.2 percent. In contrast, Samsung Electronics, the world's top maker of flat screens and memory chips, lost 2.4 percent.
Korea Electric Power Corp (KEPCO) gained 3.5 percent on market talk that the current ownership limit on the firm, which restricts individual shareholdings to 3 percent each, could be eased. Trading volume slipped to 405 million shares worth 6.6 trillion won, compared with 477 million shares valued at 6.7 trillion won on Tuesday. Decliners outnumbered advancers 545 to 281 with 54 issues ending unchanged. The KOSPI 200 June futures index finished 2.10 points lower at 212.00 and the KOSPI 200 spot index dropped 1.99 points to 212.43. The junior Kosdaq market declined 0.81 percent to 500.45.
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