South Korea stocks lead losses in Asia; Samsung shares fall as heir Lee is released from prison

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SINGAPORE — South Korean stocks led losses among the Asia-Pacific markets in Friday trade, with shares of firms related to conglomerate Samsung falling after the firm's heir was released from prison.In Friday trade, shares of industry heavyweight Samsung Electronics plunged 3.38% while Samsung C&T dropped 1.11%. Samsung Life Insurance fell around 1.2% and Samsung SDS declined 1.68%.Those losses came after Samsung Electronics Vice Chairman Jay Y. Lee was released from prison on Friday. South Korea's justice ministry announced earlier this week that he had qualified for parole.Meanwhile, shares of chipmaker SK Hynix fell 0.5%, with the semiconductor sector under pressure after Morgan Stanley warned of a slowdown in the space ahead.The broader Kospi in South Korea was down by 1.4%.Stock picks and investing trends from CNBC Pro:Elsewhere, Hong Kong's Hang Seng index slipped 0.7%. Mainland Chinese stocks were also lower as the Shanghai composite dipped 0.25% while the Shenzhe
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