August 31, 2017 / 6:47 AM / 20 days ago

S.Korean stocks edge down, autos weaken

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SEOUL, Aug 31 (Reuters) - South Korean shares closed weaker on Thursday as foreign investors took profits, notably in the transport equipment sector following a court ruling against Kia Motors in a labour dispute.

The Korea Composite Stock Price Index (KOSPI) closed down 0.3 percent at 2,363.19 points.

Shares of Kia Motors ended down 3.5 percent while Hyundai Motor and Hyundai Mobis dropped 1.8 percent and 3.5 percent, respectively.

The sub-index for transport equipment shares was down 2 percent.

Offshore investors sold a net 112.6 billion won ($99.95 million) worth of KOSPI shares for the day.

The South Korean won also weakened against a broadly stronger dollar.

The won was quoted at 1,127.8 to the dollar at the conclusion of onshore trade, down 0.3 percent compared to Wednesday’s close of 1,124.2. (Reporting by Dahee Kim; Editing by Simon Cameron-Moore)

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