Thursday, June 21, 2007

South Korean Stocks Fall; Korea Exchange Bank Declines on Share Sale

(Bloomberg) -- South Korean stocks fell. Korea
Exchange Bank dropped the most in six months after Lone Star
Funds sold a 13.6 percent stake in the company for 1.19 trillion
won ($1.3 billion).

Korea Electric Power Corp. slipped after UBS AG said
earnings may trail market estimates on higher coal prices.


Read more at Bloomberg Stocks News

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