S.Korean shares drop on softer energy stocks

Newswire

(Updates to mid-morning) SEOUL, Dec 28 (Reuters) - Seoul shares fell 1.5 percent on Wednesday, as a dip in oil prices hit refiners such as SK Corp. , while concerns about a possible slowdown in the U.S. economy weighed on Hyundai Motor and other exporters. The benchmark Korea Composite Stock Price Index was down 1.04 percent at 1,359.31 by 0124 GMT, after falling as low as 1,353.24 at one point. "Profit-taking is seen across the board ahead of the year-end," said Kim Jong-hyun, an ...

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