Posted On: 12/04/2012 7:25:03 PM
Post# of 28540
SEOUL, Dec 5 (Reuters) - Seoul shares are likely to extend
losses on Wednesday, as talks among U.S. politicians to avert a
"fiscal cliff" stalled.
"The market lacks news that could add to the momentum seen
in late November. Investors' focus will remain on whether U.S.
politicians will unravel the fiscal cliff problem," said Kim
Hyeong-ryeol, an analyst at Kyobo Securities.
Optimism of progress was dented by remarks from President
Barack Obama, who rejected a Republican proposal to resol
losses on Wednesday, as talks among U.S. politicians to avert a
"fiscal cliff" stalled.
"The market lacks news that could add to the momentum seen
in late November. Investors' focus will remain on whether U.S.
politicians will unravel the fiscal cliff problem," said Kim
Hyeong-ryeol, an analyst at Kyobo Securities.
Optimism of progress was dented by remarks from President
Barack Obama, who rejected a Republican proposal to resol
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