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Seoul shares down on U.S. recession worries

Sun Apr 13, 2008 8:03pm EDT
 
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SEOUL, April 14 (Reuters) - Seoul stocks opened 1.8 percent lower on Monday led by exporters such as LG Electronics (066570.KS: Quote, Profile, Research, Stock Buzz) and LG Display (034220.KS: Quote, Profile, Research, Stock Buzz) after weak earnings from GE (GE.N: Quote, Profile, Research, Stock Buzz) and downbeat consumer data pointed to a U.S. recession.

The Korea Composite Stock Price Index was down 1.98 percent at 1,744.46 points as of 0002 GMT.

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

 

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