KOSPI Falls 0.27% as Oil Prices and Inflation Concerns Weigh

South Korean shares retreated for the second consecutive session on September 29, weighed down by concerns over inflation and rising oil prices.

The Korea Composite Stock Price Index (KOSPI) lost 18.93 points, or 0.27 percent, to close at 6,870.81.

Foreign investors sold a net 2.9 trillion won worth of local shares, while individuals and institutions bought a net 1.14 trillion won and 121.06 billion won respectively.

The Korean won strengthened against the US dollar, trading at 1,356.7 won as of 3:30 pm.