SEOUL, Jan 22 - Seoul shares are set to open lower on Friday after losses on Wall Street, with banking issues such as KB Financial Group (105560.KS) likely to fall under pressure after their U.S. peers declined on restriction concerns. "Shares will likely start off in negative territory following
losses in U.S. stocks, and financials in particular may be weighed," said Kim Seung-han, a market analyst at HI Investment Securities. The S&P Financial .GSPF index fell 2.96 percent after U.S.
President Barack Obama threatened to fight Wall Street banks on Thursday with a new proposal to limit financial risk taking.
SK Energy (096770.KS) could also be followed after South Korea's top crude refiner reported late on Thursday that its fourth quarter net loss widened to 106.3 billion won ($92.99 million) from 66.5 billion won a year ago.
losses in U.S. stocks, and financials in particular may be weighed," said Kim Seung-han, a market analyst at HI Investment Securities. The S&P Financial .GSPF index fell 2.96 percent after U.S.
President Barack Obama threatened to fight Wall Street banks on Thursday with a new proposal to limit financial risk taking.
SK Energy (096770.KS) could also be followed after South Korea's top crude refiner reported late on Thursday that its fourth quarter net loss widened to 106.3 billion won ($92.99 million) from 66.5 billion won a year ago.
