Samsung Elec shares down as prosecution seeks arrest of Samsung chief

Tue Feb 14, 2017 7:22pm EST
 
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SEOUL (Reuters) - Samsung Electronics (005930.KS: Quote) 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.

(Reporting by Hyunjoo Jin; Editing by Richard Pullin)

 
The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, July 4, 2016.    REUTERS/Kim Hong-Ji/File Photo