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Tuesday, November 20, 2007
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Nov 20 2007 6:56AM
Seoul shares drop 3 pct as credit worries hit banks

SEOUL, Nov 20 (Reuters) - Seoul shares extended early gains to be down more than 3 percent midmorning on Tuesday as financials such as Kookmin Bank <060000.KS> were hit by a downgrade of Citigroup Inc, which fanned credit crunch worries.

The benchmark Korea Composite Stock Price Index (KOSPI) <.KS11> dropped 3.13 percent to 1,834.18 points by 0120 GMT, its lowest since Sept. 13.

Kookmin, South Korea's top bank, fell 4.25 percent to 65,300 won. (Reporting by Cheon Jong-woo; Editing by Keiron Henderson) (([email protected]; +82-2-3704-5665; Reuters Messaging: [email protected])) Keywords: MARKETS KOREA KOSPI/DROP

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Equities: Trading through Reliance Securities Limited | NSE SEBI Registration Number Capital Market :- INB 231234833 | BSE SEBI
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