South Korean Stocks Fall From Record; Samsung Leads Decline on U.S. Data

(Bloomberg) -- South Korean stocks fell for the first time in four days, slipping from a record. Samsung Electronics Co. and Hyundai Motor Co. slid after U.S. existing- home sales and consumer confidence dropped, raising concern overseas consumers may reduce spending.

``Companies like Samsung Electronics and Hyundai Motor, which export to the U.S., are weighing on the index today,'' said Park Seh Ick, who manages $1.3 billion at Hanwha Investment Trust Management Co. in Seoul. ``The confidence and housing figures suggest that spending could slow, hurting their sales.''


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