March 12, 2012 / 6:15 AM / 8 years ago

Seoul shares dip on cyclicals, narrowly keeps 2,000 point level

SEOUL (Reuters) - South Korea’s benchmark KOSPI index fell on Monday, weighed by concerns of an economic slowdown in China and as bullish signs from a strong U.S. jobs data were outweighed as expectations of further easing from the Federal Reserve were pushed back.

Cyclical shares fell across the board, as Samsung Heavy Industries (010140.KS), South Korea’s third-largest shipbuilder, slid 3.73 percent while Hyundai Steel (004020.KS) dipped 3.77 percent.

The Korea Composite Stock Price Index (KOSPI) .KS11 declined 0.78 percent to close at 2,002.50 points.

Reporting by Joonhee Yu; Editing by David Chance

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