Seoul shares edge lower on weak China import data
SEOUL, July 10 |
SEOUL, July 10 (Reuters) - Seoul shares fell on Tuesday after weak imports by China stoked worries about deteriorating domestic demand in the world's second largest economy, broadening concerns about flagging global growth.
Growth-sensitive cyclical stocks underperformed, most notably petrochemicals, with Samsung Fine Chemicals falling 2.3 percent while LG Chem shed 2 percent.
The Korea Composite Stock Price Index (KOSPI) fell 0.36 percent to close at 1,829.45 points. (Reporting by Joonhee Yu; Editing by Richard Borsuk)
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