Seoul shares retreat as Samsung Elec falls after Q1 guidance
SEOUL, April 5
SEOUL, April 5 (Reuters) - South Korean shares fell on Friday, extending losses as Samsung Electronics slid in early trading after announcing first-quarter operating profits, while auto shares tumbled for the second session after a U.S. recall By Hyundai.
Shares in Samsung Electronics lost 0.3 percent as the company's estimated January-March operating profit of 8.7 trillion won ($7.74 billion) exceeded forecasts but didn't beat market consensus by a large margin.
Hyundai Motor fell 1.9 percent, extending losses after the automaker slid 5.1 percent in the previous session.
The Korea Composite Stock Price Index (KOSPI) was down 0.6 percent at 1,947.59 points at 0006 GMT. (Reporting by Joyce Lee; Editing by Paul Tait)
- Air strike kills 15 civilians in Yemen by mistake: officials
- North Korea executes leader's powerful uncle in rare public purge |
- Student opens fire at Colorado high school, wounds two classmates
- Man arrested for suspected suicide plot to blow up Kansas airport |
- Hawaii official who released Obama birth certificate dies in plane crash