Seoul shares extend week's losses on yen fears but LG Elec up

SEOUL, March 22 Fri Mar 22, 2013 2:09am EDT

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SEOUL, March 22 (Reuters) - Seoul shares eased on Friday amid a seventh day of foreign selling over concerns that the yen will weaken further under the new Bank of Japan chief.

The Korea Composite Stock Price Index (KOSPI) closed down 0.1 percent at 1,948.71 points, a new 5-week low. The index is down 1.9 percent for the week and 2.4 percent for the year.

LG Electronics outperformed, climbing 1.5 percent. (Reporting by Somang Yang; Editing by Kim Coghill)