S.Korea shares edge down on Fed tapering fears; autos rally

Newswire

SEOUL, Aug 16 (Reuters) - Seoul shares edged lower to snap a three-session gaining streak on Friday as speculation the U.S. central bank will soon begin to cut down its stimulus weighed, but foreign purchases of automakers' stocks capped losses. The Korea Composite Stock Price Index (KOSPI) ended down 0.2 percent at 1,920.11, after hitting a two-week intraday high of 1,927.59. Automaker Hyundai Motor Co rose 1.5 percent and its affiliate Hyundai Mobis Co Ltd ...

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