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SEOUL, June 15 South Korean shares slid down on
Thursday as local institutions sold local equities after U.S.
central bank raised interest rates as expected and gave more
details of its plans to reduce its massive bond portfolio.
The Korea Composite Stock Price Index (KOSPI) closed
down 0.5 percent at 2,361.65 points.
Domestic institutions offloaded a net 304.2 billion won
($270.66 million) worth of KOSPI shares, while foreign investors
purchased a net 11.1 billion won worth.
The South Korean won ended steady with traders unsure
of the impact of the Federal Reserve's plans.
The won was quoted at 1,124.1 to the dollar at
the conclusion of onshore trade, barely changed compared with
Wednesday's close of 1,123.9.
(Reporting by Dahee Kim; Editing by Kim Coghill)