(Bloomberg) -- South Korean stocks retreated from a record. Samsung Electronics Co. declined after Citigroup Inc. forecast ``more pain before gain'' for chipmakers, saying there was ``no hint of a recovery in June'' for prices of dynamic random access memory, or DRAM.
Spot prices for the benchmark 512-megabit DRAM chip fell 3.9 percent yesterday to $1.75 a chip, according to Dramexchange.com, Asia's biggest spot market for chips. Prices have plunged 71 percent this year.
Read more at Bloomberg Stocks News
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