Seoul shares drop on strong won, weak export growth

Newswire

SEOUL, Feb 1 (Reuters) - Seoul shares fell 2 percent on Wednesday as a surging won currency and weaker-than-expected export growth in January sparked worries about 2006 profits at Hyundai Motor and other firms that rely on overseas sales. Internet stocks such as Daum Communications Corp. also fell after U.S. Web search firm Google Inc. missed Wall Street forecasts. The benchmark Korea Composite Stock Price Index (KOSPI) was down 1.93 percent to 1,372.79 by 0150 GMT, after falling as much ...

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