Seoul shares end down on heavy foreign selling

Newswire

(Updates to close) By Judy Lee SEOUL, April 27 (Reuters) - South Korean shares closed lower on Tuesday as expectations that U.S. interest rates will rise this year promoted the biggest sell-off by foreign investors in seven months. Market heavyweights Samsung Electronics Co and SK Telecom Co were among those hardest hit by the sell-off, analysts said. Concerns about a fresh outbreak of Severe Acute Respiratory Syndrome (SARS) in China also weighed on sentiment. "Investors turned ...

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