A woman looks at a computer screen showing stock index at the Korea Stock Exchange in Seoul. South Korean shares declined on Friday due to global recession worries after a plunge in US 30-year Treasury yields.[SEOUL] South Korean shares declined on Friday due to global recession worries after a plunge in US 30-year Treasury yields.South Korean shares' drop was less sharp because they had fallen much already, said Park Sang-hyun, an analyst at HI Investment & Securities.
Foreigners were net sellers of US$105.62 million worth of shares on the main board. They registered net sales of KOSPI shares for 12th consecutive session, the longest since January 2016. The KOSPI has fallen 5.58 per cent so far this year, and lost 7.5 per cent in the previous 30 trading sessions.
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