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Article: STOCKS - SEOUL SHARES LOWER IN MORNING TRADE - NOV 27, 2007.
- Article from:
- AsiaPulse News
- Article date:
- November 27, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SEOUL, Nov. 27 Asia Pulse - South Korean stocks fell more than 3 per cent late Tuesday morning as investor sentiment was dented by overnight losses in U.S. markets, analysts said.
The benchmark Korea Composite Stock Price Index (KOSPI) fell 58.94 points, or 3.18 per cent, to 1,796.39 as of 11:20 a.m.
"The local key index tumbled on renewed concerns over the U.S. subprime mortgage rout. Foreign investors became net sellers in one session, which burdened the stock index," said Park So-yeon, an analyst at Korea Investment & Securities.
Park added shares of Samsung Group sharply fell on reports over alleged irregularities involving the group's slush ...