Seoul shares may open down as oil hits two-week high

Newswire

SEOUL, May 26 (Reuters) - Seoul shares are expected to open lowern on Thursday, led by declines in major industrial stocks such as Hyundai Motor after oil prices touched a two-week high and set off worries about the impact on corporate profits. But the climb in energy prices could lift oil refiners such as SK Corp. , capping losses, analysts said. "The impact from higher oil prices could be limited after a pretty sharp correction yesterday," added Kim Joong-hyun, an analyst at ...

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