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Seoul shares end 4 pct down, but paring 9 pct loss

Reuters - Friday, October 10

SEOUL, Oct 10 - Seoul shares closed 4.13 percent down on Friday but more than halved an earlier 9 percent fall, after heads of South Korean brokerages met to propose market stabilisation funds, and as the won currency rebounded.

The Korea Composite Stock Price Index <.KS11> closed down 53.42 points to 1,241.47 points, its lowest close since July 2006, but steadying after hitting a near-3-year intraday low of 1,178.51 points.

However the KOSPI still posted a 12.6 percent losses on the week, the biggest weekly loss since September, 2001 when markets tumbled after attacks on the United States.

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