Markets

Seoul shares open down 1pc, financials lead declines

Published Updated

SEOUL: Seoul shares opened more than 1 percent lower on Monday after weaker-than-expected jobs data underscored worries of sluggish growth in the US economy.

Early declines were led by financials. Shinhan Financial Group fell 2.1 percent while Woori Finance Holdings shed 2 percent.

The Korea Composite Stock Price Index (KOSPI) was down 1.05 percent at 2,007.81 points as of 0003 GMT.

Copyright Reuters, 2012