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Seoul shares slide 2.8 pct to lowest in 14 months

Mon Jul 7, 2008 11:13pm EDT

SEOUL, July 8 (Reuters) - Seoul shares extended losses to be down nearly 3 percent late by midsession on Tuesday, dragged by financials such as Kookmin Bank on renewed credit worries and tech issues such as LG Display facing grim earnings prospects.

The Korea Composite Stock Price Index was down 2.64 percent to 1,538.06 points as of 0304 GMT, down 19 percent since the start of the year, and back from the year's high of over 1,900 points in May.

The index dipped briefly below the March 17 low of 1,537.53 points to 1,533.90, its lowest since April 30 2007.

(Reporting by Park Jung-youn; editing by Keiron Henderson)



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