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CORRECTED-Seoul shares open down as Fed minutes prompt caution
February 21, 2013 / 12:10 AM / 5 years ago

CORRECTED-Seoul shares open down as Fed minutes prompt caution

(Corrects Hyundai Elevator’s share price)

SEOUL, Feb 21 (Reuters) - South Korean shares eased in early morning trade on Thursday, tracking U.S. falls as minutes from the U.S. Federal Reserve’s latest meeting sparked concerns about sustainability of its bond-buying stimulus policy.

Hyundai Elevator tumbled 5.3 percent to 87,900 Korean won after the unit of Hyundai Group announced a plan to issue new stock worth 111 billion Korean won ($103 million) at a 69,300 won per share.

The Korea Composite Stock Price Index (KOSPI) was down 0.4 percent at 2,016.20 points at 0004 GMT. (Reporting by Hyunjoo Jin; Editing by Eric Meijer)

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