Seoul shares hit 4 mth closing low on Dubai fears

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SEOUL | Fri Nov 27, 2009 1:11am EST

SEOUL Nov 27 (Reuters) - Seoul shares fell 4.7 percent on Friday, posting their lowest close in four months, as deepening concerns about Dubai's debt problems rocked financial and construction issues including KB Financial Group (105560.KS).

The Korea Composite Stock Price Index .KS11 (KOSPI) ended down 75.02 points at 1,524.50, its lowest close since July 29 and registering its biggest daily percentage loss since mid-January.

Foreign investors provisionally sold a net 207 billion won ($178.9 million) worth of stocks, their largest daily net sales since October 29.

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner) ((jungyoun.park@thomsonreuters.com; +82 2 3704 5643; Reuters Messaging: jungyoun.park.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) ($1=1156.8 Won)

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