* KOSPI falls more than 1 pct
* Won's volatility hurts foreign demand - analyst
SEOUL, Feb 8 South Korean shares hit a near
four-week low on Wednesday as the local currency, which has been
rallying against the dollar, has dented demand for local stocks
from offshore investors.
As of 0208 GMT, the Korea Composite Stock Price Index
(KOSPI) was down 1 percent at 2,055.01, its lowest since
"Foreigners are mostly selling market heavyweight shares and
putting much more pressure on the index," said Lee Jae-man,
stock analyst, Hana Daetoo Securities.
Lee added that increased volatility in the won has become a
negative factor for foreign stock investors.
Offshore investors were set to be net sellers for the day,
offloading 141.1 billion Korean won ($123.22 million) worth of
KOSPI shares near mid-session, weighing on the index.
Tech giant Samsung Electronics Co Ltd drops as
much as 1.6 percent, while chipmaker SK Hynix Inc
slides as much as 1.7 percent and Hyundai Motor Co
falls as much as 1.1 percent.
Decliners far outnumbered advancers 581 to 227.
The South Korean won stood at 1,145.7, dropped
0.1 percent compared with Tuesday's close of 1,144.3.
March futures on three-year treasury bonds gained
0.01 point to 109.55.
0208 GMT Prev close
Dollar/won 1,145.7 1,144.3
Yen/won 10.2094/03 10.1636
*KTB futures 109.55 109.54
KOSPI 2,055.01 2,075.21
* Front-month futures on three-year treasury bonds
(Reporting by Dahee Kim; Editing by Sherry Jacob-Phillips)