Surging won, oil prices pull Seoul shares lower

Newswire

(Updates to close) By Rafael Nam SEOUL, Feb 23 (Reuters) - Seoul stocks slid 1 percent on Wednesday, as concerns about the impact of a surging won currency and higher oil prices on corporate profits weighed on technology firms and key exporters such as Hyundai Motor Co. . "Investors are especially worried about the impact of the currency appreciation given the strong weighting of exporters in the local index," said Kim Yung-min, an equity strategist at Dongwon Investment Trust ...

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