Seoul shares slump; some futures trading halted

Newswire

SEOUL, Aug 1 (Reuters) - Seoul shares dropped 4.4 percent on Wednesday, heading for its biggest fall in over three years, as exporters such as Hyundai Motor tracked losses on Wall Street on resurfacing worries about the U.S. subprime mortgage sector. The session was dominated by heavy selling of stock futures, leading the Korea Exchange to apply a circuit breaker and halt programme trading in some futures from 0425 GMT to 0430 GMT for the first time this year. The rule is triggered when ...

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