South Korean shares fell sharply on Monday, tracking declines across regional markets after hawkish comments from Federal Reserve Chair Kevin Warsh strengthened expectations that U.S. interest rates could rise as early as next month.
The benchmark KOSPI fell 167.29 points, or 2.46%, to 6,621.59 by 0104 GMT. Foreign investors were net sellers of shares worth 347.2 billion won ($252 million), adding to pressure on the market.
