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Seoul shares end 4 pct down, but paring 9 pct loss

Fri Oct 10, 2008 2:12am EDT

SEOUL, Oct 10 (Reuters) - Seoul shares closed 4.13 percent down on Friday but more than halved an earlier 9 percent fall, after heads of South Korean brokerages met to propose market stabilisation funds, and as the won currency rebounded.

The Korea Composite Stock Price Index closed down 53.42 points to 1,241.47 points, its lowest close since July 2006, but steadying after hitting a near-3-year intraday low of 1,178.51 points.

However the KOSPI still posted a 12.6 percent losses on the week, the biggest weekly loss since September, 2001 when markets tumbled after attacks on the United States.

(Reporting by Park Jung-youn; Editing by Keiron Henderson)



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