Seoul shares dip on cyclicals, narrowly keeps 2,000 point level

SEOUL (Reuters) - South Korea's benchmark KOSPI index fell on Monday, weighed by concerns of an economic slowdown in China and as bullish signs from a strong U.S. jobs data were outweighed as expectations of further easing from the Federal Reserve were pushed back.

Cyclical shares fell across the board, as Samsung Heavy Industries , South Korea's third-largest shipbuilder, slid 3.73 percent while Hyundai Steel dipped 3.77 percent.

The Korea Composite Stock Price Index (KOSPI) <.ks11> declined 0.78 percent to close at 2,002.50 points.

(Reporting by Joonhee Yu; Editing by David Chance)

Source: http://news.yahoo.com/seoul-shares-dip-cyclicals-narrowly-keeps-2-000-061326754.html

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