[THE INVESTOR] Korean stocks on Aug. 14 rebounded from the previous day’s massive losses as worries about a freefall of the Turkish lira were eased, analysts said. The local currency rose against the US dollar.

The benchmark KOSPI added 10.46 points, or 0.47 percent, to close at 2,258.91, recovering from a 15-month low of 2,248.45 points recorded on the previous session. Trading volume was light at 223.3 million shares worth4.38 trillion won (US$3.88 billion), with winners beating losers 543 to 293.

 Foreigners offloaded a net 10.9 billion won worth of local shares and individuals dumped a net 130.1 billion won, while institutions picked up 90.8 billion won worth of stocks.

The Korean currency closed at 1,127.90won against the US dollar, up 6 won from the previous trading session.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)