Business

Tue Jun 24 01:14:48 PDT 2008

SEOUL, June 24 (Reuters) – Seoul shares closed slightly lower on Tuesday but POSCO <005490.KS> cut earlier falls after news it would hike steel prices and Korea Exchange Bank <004940.KS> rebounded after a favourable court ruling.

The Korea Composite Stock Price Index closed down 0.28 percent to 1710.84 points.

(Reporting by Park Jung-youn; Editing by Jonathan Hopfner)

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