Foreigners Dump Korean Shares Ahead of Imminent Fed Rate Hike

SEOUL, Dec. 10 (Korea Bizwire) – Foreign investors have been in a selling binge of local stocks as they reduced risky bets ahead of a looming U.S. rate hike, market watchers said Thursday. Offshore investors offloaded 243 billion won(US$207 million) worth of shares traded on the main KOSPI market on Wednesday, extending their selling spree [...]