Shipbuilders Lead Asian Market Decline

Friday, September 23, 2011

Seoul shares finished down 5.7 percent on Friday, their biggest daily percentage loss in five weeks, with foreign investors taking flight as concerns about global economic stagnation deepened, according to a report on Reuters. Hyundai Heavy Industries , the world's top shipyard, ended 8.1 percent lower and Daewoo Shipbuilding & Marine Engineering lost 10.5 percent.

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