Emerging markets: Samsung Elec knocks down S. Korean stocks; banks drag Malaysia


SINGAPORE Jan 18 (Reuters): South Korean shares fell more than 2% on Monday, dragged down by steep losses in heavyweight Samsung Electronics, after its vice chairman was sentenced to two and a half years in prison over a bribery case, while banking stocks led Malaysia lower.

Losses in South Korea's KOSPI accelerated in afternoon trade, with the benchmark index sliding as much as 2.7%. The won weakened 0.4%.

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S. Korea , Kospi , Sinked Badly , Malaysia , Stocks , Struggling

   

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