S.Korea's refiners tumble on falling oil prices

GS Holdings

02/01/2019 06:02

** South Korean refiners tumble as falling oil prices darken
their profit outlook
    ** Shares of S-Oil  010950.KS  fall as much as 6.6 pct,
while those of GS Holdings  078930.KS  and SK Innovation
 096770.KS  decline 6.3 pct and 6.4 pct, respectively
    ** Oil markets drop by around 1 percent in 2019's first
trading on Wednesday, pulled down by surging U.S. output and
concerns about an economic slowdown in 2019  urn:newsml:reuters.com:*:nL3N1Z204L
    ** U.S. crude futures end 2018 down 24.8 pct from end-2017,
while brent crude futures end 2018 down 19.5 pct from end-2017
    ** The broader KOSPI market  .KS11  trading down 1.7 pct as
of 0554 GMT

 ((hayoung.choi.thomsonreuters.com@reuters.net))