Seoul shares fall on record oil, SK Telecom drops

Newswire

(Updates to noon) SEOUL, June 27 (Reuters) - Seoul shares fell nearly 1.5 percent on Monday, tracking losses on Wall Street and as a surge in oil prices to above $60 per barrel hit power monopoly KEPCO and other energy-sensitive manufacturers. Adding to the sharp selloff, shares in SK Telecom Co. fell 3.0 percent to 178,000 won amid market worries SK Corp. could sell part of its stake in the mobile operator to pay back $1.25 billion worth of bonds. U.S. crude for August delivery surged ...

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