Samsung Elec shares down as prosecution seeks arrest of Samsung chief

Samsung Electronics (005930.KS) shares fell for a fourth consecutive session on Wednesday, after South Korean special prosecutors said they would seek a warrant to arrest Samsung Group chief Jay Y. Lee as part of a corruption probe.

Samsung Electronics shares declined by as much as 1.3 percent to 1.854 million won ($1,624.32) each in early trade on Wednesday, their lowest level since Jan. 23.

(Reporting by Hyunjoo Jin; Editing by Richard Pullin)


Published at Wed, 15 Feb 2017 00:22:12 +0000