South Korean shares dip

SEOUL, Jan 13 (Reuters): South Korean shares fell on Tuesday, weighed by sharp losses in commodity-linked counters as oil prices resumed falls to plumb 5-1/2 lows.

The Korea Composite Stock Price Index (KOSPI) was down 0.17 per cent at 1,917.66 points as of 0200 GMT.

Oil refiners and petrochemical shares underperformed, with SK Innovation sliding 3 per cent and LG Chem falling 2.2 per cent.

With the earnings season underway, investors are bracing for a shock as they worry over the impact of prolonged weakness in oil prices on fourth-quarter results.

Shares in Hyundai Glovis plunged by the daily bourse limit of 15 per cent after a failed $1.25 billion stake sale in the logistics affiliate of Hyundai Motor.