Friday, June 22, 2007

South Korea Stocks Drop, Snapping Record of 15 Weekly Advances; Banks Fall

(Bloomberg) -- South Korean stocks fell, rounding
off their first losing week since March. Korea Exchange Bank slid
after controlling shareholder Lone Star Funds sold a 13.6 percent
stake, heightening uncertainty about the sale of the lender.

Kookmin Bank, which had planned to buy Korea Exchange before
Lone Star shelved the deal last year, also slid.


Read more at Bloomberg Stocks News

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