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SEOUL, Nov. 11 (Yonhap) -- Seoul shares opened lower Wednesday, tracking overnight losses on Wall Street, as investors remained cautious amid concerns that hotter-than-expected U.S. inflation could prompt rate hikes down the road.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 29.42 points, or 0.56 percent, to 5,209.71 at the opening bell.

On Tuesday, the index gained 4.39 percent, buoyed by a rally in U.S. technology stocks and falling oil prices.

Overnight, the Dow Jones Industrial Average dropped 0.3 percent, and the tech-heavy Nasdaq Composite declined 0.74 percent.

U.S. consumer prices rose at a higher-than-expected rate of 0.3 percent in October from the previous month, stoking concerns that the Federal Reserve could pursue a more aggressive monetary tightening policy to curb inflation.

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