Seoul shares to fall at open on surging won, oil

Newswire

SEOUL, Feb 23 (Reuters) - Seoul stocks are set to open lower on Wednesday, led by exporters such as Hyundai Motor, as a jump in crude oil prices above $51 a barrel and sharp gains in the won are seen stirring concerns about a dip in corporate profits. "We are bound for a correction after the recent rally, but (higher oil prices and the stronger won) will not have a disproportionate effect since the market still believes in a 1,000-point Kospi in the short-term," said Cho Seong-joon, an ...

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