LG Drops as Analyst Says Phone Sales May Miss Estimates
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LG Electronics Inc., Asia’s second-biggest mobile-phone maker by shipments, fell the most in almost a month in Seoul trading after Mirae Asset Securities Co. said its handset sales may miss estimates.
LG, overtaken by Apple Inc. as the world’s third-biggest phone maker, dropped 1.9 percent to close at 88,300 won, the biggest decline since Feb. 27. South Korea’s benchmark Kospi index advanced 0.04 percent.