Seoul shares open lower on inflation woes

What happened: Seoul shares opened lower, tracking overnight losses on Wall Street as investors stayed cautious over hotter-than-expected U.S. inflation. Key numbers: KOSPI fell 29.42 points, or 0.56 percent, to 5,209.71 at the open. The index gained 4.39 percent on Tuesday. Dow fell 0.3 percent and Nasdaq declined 0.74 percent overnight. U.S. consumer prices rose 0.3 percent in October from the previous month. Why it matters: The inflation reading stoked concerns that the Federal Reserve could pursue a more aggressive monetary tightening policy to curb inflation. Coverage: 3 outlets in 24h

Seoul shares opened lower, tracking overnight losses on Wall Street as investors stayed cautious over hotter-than-expected U.S. inflation.

The inflation reading stoked concerns that the Federal Reserve could pursue a more aggressive monetary tightening policy to curb inflation.