Seoul stocks down from almost 2-year high on profit-taking, Fed meeting
March 15, 2017
South Korean stocks closed slightly lower on Wednesday, slipping from their almost two-year highs the previous session, as investors opted to lock in part of recent gains ahead of the outcome of the Federal Reserve's rate policy meeting. The Korean won rose to the US dollar.The benchmark Korea Composite Stock Price Index shed 0.78 point, or 0.04 percent, to close at 2,133.00. Trade volume was moderate at 370 million shares worth 4.81 trillion won ($4.21 billion), with losers outnumbering gainers