Seoul shares drop on record oil, chip makers weak

Newswire

(Updates to close) By Rafael Nam SEOUL, June 24 (Reuters) - Seoul shares fell on Friday, snapping two consecutive days of gains, led by transportation firms and energy-sensitive manufacturers such as steel maker POSCO, after oil prices surged to a record $60 per barrel. Chip makers, including Samsung Electronics Co. Ltd. , also fell after U.S. peer Micron Technology Inc. reported its largest quarterly loss in two years, renewing worries over weak computer memory chip prices. The ...

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