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Seoul shares extend losses, led by LG Electronics

Wed Jun 18, 2008 11:33pm EDT

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SEOUL, June 19 (Reuters) - Seoul shares extended losses to fall 2 percent on Thursday, led by exporters such as LG Electronics (066570.KS) and Samsung Electronics (005930.KS) on revived worries about the U.S. economic slowdown.

The Korea Composite Stock Price Index was down 1.95 percent to 1,739.47 points by 0328 GMT, after falling to as low as 1,738.28.

Shares in LG Electronics shed 5.1 percent to 129,500 won.

The world's No.1 memory chipmaker Samsung Electronics fell 3.4 percent to 680,000 won, further pressured by Taiwanese media reports on alleged defects in its memory chips [ID:nSEL000140]. Samsung denied the report as groundless.

(Reporting by Park Jung-youn and Kim Yeon-hee; editing by Jonathan Hopfner)



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