SEOUL Jan 27 Seoul shares fell more than 2
percent on Monday morning on heightened concern over capital
outflows from emerging markets, led by tighter credit conditions
in China and expectations the Federal Reserve will continue to
taper its stimulus
The Korea Composite Stock Price Index (KOSPI) opened
down 2.1 percent at 1,900.51 points at 0004 GMT.
In the two-day policy meeting scheduled from Tuesday to
Wednesday, the Fed is expected to cut an additional $10 billion
in its bond-purchasing stimulus programme. This has led to a
shift of funds from emerging markets to the United States as
investors seek higher returns from rising Treasury yields.
(Reporting by Jungmin Jang; Editing by Shri Navaratnam)