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  • Korean Stocks End Lower Over US Rate Hike Concerns
Korean stocks ended lower today as worries over a possible fallout from the U.S. interest rate hike and its future belt-tightening outlooks led to a selling spree by foreign investors.

The benchmark KOSPI fell 1.8 percent to 2,423.

Elsewhere in Asia, Tokyo was down 1 percent, Hong Kong dropped 1.1 percent while Shanghai slipped 0.2 percent.

The Korean currency closed at 1,083 won against the U.S. dollar, down 5.9 won from the previous session's close.■

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