Seoul shares drop on China rate worries, POSCO hit

Newswire

(Updates to close) By Rafael Nam SEOUL, April 28 (Reuters) - Seoul shares posted their biggest fall in eight weeks on Friday, led by firms reliant on China such as steel maker POSCO, after Beijing raised interest rates, creating worries about slowing demand in South Korea's top export market. Concerns that the won would continue to strengthen also kept exporters on edge, as the local currency may be hit on two sides: speculation that China will let the yuan appreciate after raising ...

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