South Korea's Kospi Index Slides, Led by Posco; Korea Exchange Bank Climbs

(Bloomberg) -- South Korean stocks retreated for the
second day. Posco slid as investors saw recent gains as an
opportunity to sell, shrugging off the company's highest quarterly
profit in two years.

Korea Exchange Bank advanced after a U.K. newspaper reported
HSBC Holdings Plc is interested in buying the lender. KT&G Corp.
gained after the Maeil Business Newspaper said the company wanted
stake-swaps to help defend against hostile bids.


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