SEOUL, Jan 13 (Reuters): South Korean shares fell on Tuesday, weighed by
sharp losses in commodity-linked counters as oil prices resumed falls
to plumb 5-1/2 lows.
The Korea Composite Stock Price Index (KOSPI) was down 0.17 per cent at 1,917.66 points as of 0200 GMT.
Oil refiners and petrochemical shares underperformed, with SK Innovation sliding 3 per cent and LG Chem falling 2.2 per cent.
With the earnings season underway, investors are bracing for a shock as they worry over the impact of prolonged weakness in oil prices on fourth-quarter results.
Shares in Hyundai Glovis plunged by the daily bourse limit of 15 per cent after a failed $1.25 billion stake sale in the logistics affiliate of Hyundai Motor.
The Korea Composite Stock Price Index (KOSPI) was down 0.17 per cent at 1,917.66 points as of 0200 GMT.
Oil refiners and petrochemical shares underperformed, with SK Innovation sliding 3 per cent and LG Chem falling 2.2 per cent.
With the earnings season underway, investors are bracing for a shock as they worry over the impact of prolonged weakness in oil prices on fourth-quarter results.
Shares in Hyundai Glovis plunged by the daily bourse limit of 15 per cent after a failed $1.25 billion stake sale in the logistics affiliate of Hyundai Motor.
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