Sunday, January 13, 2013

Seoul shares seen lower as earnings worries persist

SEOUL, Jan 14 (Reuters) - Seoul shares are likely to lose
ground on Monday after falling 0.76 percent last week, as
concerns linger about corporate earnings and the firming local
currency.
"A weak global economy has forced brokerages to downgrade
corporate earnings forecasts, which will continue to have a
negative impact on stock markets," said Lee Kyeong-soo, an
analyst at Shinyoung Securities.
South Korean exporters, which account for most of the stock
market, are grappling with the fi

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