SEOUL, July 18 Seoul shares fell 0.6 percent on
Thursday, easing off a one-month closing high the previous
session as investors turned more cautious ahead of Second
quarter earning reports by major companies.
The Korea Composite Stock Price Index (KOSPI) ended
at 1,875.48 points.
Samsung Electronics Co Ltd, the biggest
component on the main KOSPI, followed up Wednesday's rally by
falling 2.1 percent after Intel Corp's announced a grim
revenue forecast and capital spending cuts.
LG Display Co Ltd shares dropped 3.1 percent
amid concerns that slowing demand for televisions would hurt
earnings in six months ending in December, analysts said.
Korea Electric Power Corp (KEPCO) shares rallied
3.4 percent after it said late on Wednesday the National Pension
Service (NPS) had asked South Korea's top financial regulator to
approve its plan to increase its stake in the state utility firm
to 10 percent from 4.85 percent.
Under current regulations, NPS has to keep its KEPCO stake
under 5 percent because the government does not want
concentrated shareholdings in a national utility.
(Reporting by Jungyoun Park; Editing by Richard Borsuk)