Seoul shares retreat as oil hits record, KEPCO down


(Updates to mid-morning) SEOUL, June 27 (Reuters) - Seoul shares fell more than 1 percent on Monday, tracking losses on Wall Street and as a surge in oil prices to above $60 per barrel hit power monopoly KEPCO and other energy-sensitive manufacturers. U.S. crude for August delivery surged to a record $60.45 a barrel in early Asian trade, setting off worries about the impact on corporate profits and consumer demand. "Oil prices look like they are heading higher, and we could even see a ...

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