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Markets

Seoul shares close down, but pare earlier losses

Published Updated

 SEOUL: Seoul shares fell on Monday as euro zone worries were rekindled by S&P's mass credit rating downgrades, but market fallout was limited with many investors having expected the move.

Losses were led by construction shares, with Daewoo Engineering & Construction tumbling 3.98 percent while GS Construction Co fell 3.25 percent.

The Korea Composite Stock Price Index (KOSPI) closed 0.87 percent lower at 1,859.27 points.

Copyright Reuters, 2012

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