Seoul shares drop over 3 pct as financials tumble
SEOUL, March 17 (Reuters) - Seoul stocks extended losses on Monday as financial stocks tumbled, after news that JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz) would buy Bear Stearns BSC.N revived investor's fears about a widespread credit market crisis.
The benchmark KOSPI index shed 3.11 percent to 1,550.56 points by 0210 GMT.
Kookmin Bank (060000.KS: Quote, Profile, Research, Stock Buzz) declined 5.18 percent to 53,100 won.
(Reporting by Kim Yeon-hee; Editing by Marie-France Han)
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