South Korean Stocks Drop, Breaking Four-Day Climb; Brokerages Decline

(Bloomberg) -- South Korea's Kospi index slid,
snapping a four-day climb. Daewoo Securities Co. dropped as
investors judged recent gains an opportunity to sell, and on
concern the value of takeovers will fall as it becomes easier for
financial companies to set up their own securities firms.

Kookmin Bank advanced after Maeil Business Newspaper said
the lender will acquire a brokerage to enter the securities
industry.


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