Seoul shares end down 1.13 pct, led by financials

Newswire

(Adds prices, analyst comments) By Song Jung-a SEOUL, July 30 (Reuters) - South Korean shares closed lower on Wednesday as Kookmin Bank and credit card firms slumped after Morgan Stanley lowered its target prices on them, saying it expected greater write-offs. "Foreign investors dumped financial shares in late trade, pulling down the main index," said Kim Young-min, a fund manager at Dongwon Investment Trust Management. "They've been waiting for a chance to take profits and the ...

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