* U.S. House Speaker pull 'fiscal cliff' bill
* Samsung Elec falls to 2-week-low
SEOUL Dec 21 Seoul shares gave up earlier gains
and headed lower on Friday, led by Samsung Electronics
, as U.S. House Speaker John Boehner abandoned his
"fiscal cliff" plan, muddying the outlook for the negotiations.
"Investors are disappointed by the latest development on
fiscal talks. The market will continue to be swayed by the state
of U.S. budget negotiations," said Kim Soo-young, an analyst at
The Korea Composite Stock Price Index (KOSPI) slid
0.9 percent at 1981.50 points as of 0234 GMT.
Samsung Electronics, which accounts for nearly 20 percent of
the KOSPI's market value, led the index's falls, touching their
lowest intraday levels in two weeks on Friday.
Samsung Electronics' shares, which hit a series of
record-highs last week, were traded down 3.2 percent at
1,455,000 Korean won.
"Samsung shares are undergoing a correction because they
have risen so sharply in a short term," said Im Do-ri, a
technical analyst at Shinyoung Securities.
EU regulators are poised to accuse Samsung Electronics of
breaking competition rules in filing patent lawsuits against
rival Apple, while Apple argued that a U.S. appeals
court should reconsider its decision to overturn a potential
sales ban on Samsung for patent infringement.
The construction and energy/chemicals sectors were among the
worst performers, whereas insurers and health care firms rose.
(Reporting by Hyunjoo Jin; Additional reporting by Chang
Seong-won; Editing by Eric Meijer)