Tuesday, November 22, 2011

Seoul shares open down 1.2 pct; refiners weigh

SEOUL (Nov 22): Seoul shares opened lower on Tuesday after selloffs in Wall Street and Europe, as a lack of progress in dealing with heavy debt in both regions further weakened investor confidence.

Sharp falls in refiners and retailers including S-Oil and Lotte Shopping Co Ltd pressured the index.

The Korea Composite Stock Price Index (KOSPI) was down 0.84 percent at 1,804.67 points as of 0002 GMT. ' Reuters

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