* LG Display down 4 pct after key Apple supplier's weak
* Automakers fall after decline in European car sales
* Investors favour defensives
SEOUL, April 18 Seoul shares fell on Thursday
morning, as LG Display led a broad selloff of tech
stocks on worries about slowing demand for Apple Inc's
products and a dour growth outlook for Intel.
The Korea Composite Stock Price Index (KOSPI) fell
0.4 percent to 1,915.39 points as of 0209 GMT. The mood was
also dimmed by a recent run of soft global data that has
triggered broad declines in equities and commodities.
"The main board is tracking U.S. stock declines as local
institutions mainly offload shares in Apple suppliers," said Kim
Sung-hwan, an analyst at Bookook Securities.
Tech shares fell, led by a sharp 4 percent drop in
Apple supplier LG Display after a poor revenue forecast from
another key Apple supplier Cirrus Logic on Wednesday
raised worries of slowing demand for the iPhone maker's
Chipmakers also underperformed, after world's largest
semiconductor maker Intel Corp forecast a sharp decline
in its current-quarter revenue and trimmed its 2013 capital
Index heavyweight Samsung Electronics slid 0.7
percent while SK Hynix dropped 2.8 percent.
Local institutions and foreign investors sold a net 153.8
billion won ($137.51 million) worth of KOSPI shares near
mid-session, weighing on the index. Declining shares outnumbered
winners 438 to 318.
Most large-caps were down, with automakers losing ground
after a 10.3 percent decline in March European car sales,
heading for a sixth straight annual decline to a two-decade
Hyundai Motor Co fell 1.6 percent while sibling
Kia Motors dropped 1.2 percent.
Investors favoured some defensives with food processor Orion
Corp up 2.4 percent while tobacco company KT&G Corp
gained 2.7 percent.
The KOSPI 200 benchmark of core stocks was down 0.6
percent, while the junior KOSDAQ edged 0.1 percent
($1 = 1118.4500 Korean won)
(Reporting by Joyce Lee; Editing by Shri Navaratnam)