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Samsung Electronics shares down as prosecution seeks arrest of Samsung chief

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Reuters SEOUL

SEOUL (Reuters) - 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.

($1 = 1,141.4000 won)

(Reporting by Hyunjoo Jin; Editing by Richard Pullin)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Feb 15 2017 | 5:50 AM IST

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