Seoul shares ended 1.9 percent lower on Wednesday after losing as much as 4 percent as refiners and banks slid on worsening profit outlooks, but gains seen in battered techs and defensive issues lent some support.

The Korea Composite Stock Price Index ended down 19.34 points to 1,016.82 points after hitting a low of 994.57, breaking through the 1,000 level for the first time since Oct 30.

The index is 12 percent away from the Oct 27 low of 892.16, which in turn was the lowest since January, 2005.

LG Electronics ended 1.53 percent higher after 7 consecutive losing sessions that pushed the stock down 24 percent.

Source: http://www.afxnews.com

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