Seoul shares hit record, but Samsung Elec drops

Newswire

(Updates to close) By Rafael Nam SEOUL, May 29 (Reuters) - Seoul shares rose to another record on Tuesday, led by LG.Philips LCD after a brokerage forecast earnings will improve, but chip maker Samsung Electronics dropped to its lowest since August 2005 as its outlook worsened. Korea Express Co. Ltd. surged 8.8 percent to 96,400 won, its biggest gain since June 30, 2005, on a media report the transport firm had attracted a bid from trading firm SK Networks . The benchmark KOSPI has ...

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