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SEOUL May 12 South Korean shares ended lower on
Friday as foreign investors accelerated their stock-selling for
profit-taking, but ended the week with the biggest weekly
percentage gain in nine weeks.
The Korea Composite Stock Price Index (KOSPI) closed
down 0.5 percent at 2,286.02 points.
The index rose 2 percent on a weekly basis.
Offshore investors snapped a five-day buying streak and sold
a net 306.5 billion won ($271.84 million) worth of KOSPI shares
for the day.
The won was quoted at 1,127.4 to the dollar at
the conclusion of onshore trade, little moved compared to
Thursday's close of 1,127.9.
The local currency gained 0.5 percent for the week.
(Reporting by Dahee Kim; Editing by Jacqueline Wong)