Seoul shares ease from record; auto makers slump

Newswire

(Updates to close) By Rafael Nam SEOUL, April 27 (Reuters) - Seoul shares retreated on Friday from a recent record as auto makers such as Hyundai Motor fell after the won matched a two-month high against the yen, raising worries about competitiveness against key rivals. Investors also locked in gains in outperformers such as POSCO Co. Ltd. , but flat-panel makers such as LG.Philips LCD Co. Ltd. gained on expectations for an earnings recovery by the second half. KT Corp. rose 1.48 ...

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