Monday, July 23, 2007

South Korea Stocks Fall, Reversing Earlier Gains; Exporters Drop on Won

(Bloomberg) -- South Korean stocks dropped, erasing
earlier gains. Samsung Electronics Co. declined after the won
rose to the highest since December against the dollar, eroding
the local-currency value of exporters' overseas earnings.

Samsung Heavy Industries Co. advanced after it said second-
quarter profit jumped to a record.


Read more at Bloomberg Stocks News

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