Seoul shares open lower on inflation, Mideast woes

Korea Times News ·
South Korea

Seoul shares opened lower Monday, as losses in technology stocks weighed on the market amid inflation concerns stoked by elevated oil prices and the escalating Middle East crisis. After opening 0.72 percent lower, the benchmark Korea Composite Stock Price Index (KOSPI) fell 83.72 points, or 1.26 percent, to 6,542.21 as of 9:15 a.m. The decline came despite overnight gains on Wall Street. The Dow…

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