Seoul shares down for 3rd day amid inflation worries
Seoul shares closed lower Thursday to extend their losses for a third consecutive session, as elevated oil prices stoked inflation worries. The Korean won rose against the U.S. dollar. After opening 0.07 percent higher, the benchmark Korea Composite Stock Price Index (KOSPI) turned lower to close down 177.97 points, or 2.62 percent, at 6,625.93. This comes as the Dow Jones Industrial Average fell…
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