Seoul shares dip 1.76% on rising oil prices, inflation woes

Seoul shares fell sharply Friday as surging oil prices heightened inflation concerns, with investors awaiting key US inflation data for clues about the Federal Reserve's future interest rate policy. The Korean won fell against the US dollar. After opening 3.29 percent lower, the benchmark Korea Composite Stock Price Index narrowed its losses to close 124.01 points, or 1.76 percent, down at 6,909.91. Trade volume was moderate at 265.92 million shares worth 19.39 trillion won ($14.4 billion), with

Source: The Korea Herald