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Seoul stocks recover; Samsung Elec gains. LG electronics.

Posted by igllespierolando on March 23, 2008

SEOUL, March 18 (Reuters) - Seoul stocks closed 0.91 percent higher on Tuesday, ending three days of falls, buoyed by a be elevated in technology shares, although financials remained under a cloud on concerns of continuing credit-crisis fallout. Samsung Electronics (005930.KS: , , ) rose 3.27 percent to 568,000 won and and LG Display (034220.KS: , , ) advanced 4.24 percent to 45,500 won.

Financial titles remained in uninterested territory, with Kookmin Bank (060000.KS: , , ), down 7.36 percent to 49,100 won, its lowest since July, 2005 as investors questioned the timing of its pay for of a vital chain in a Kazakh bank.

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Seoul stocks bounce, led by techs; banks suffer. LG electronics.

Posted by igllespierolando on March 20, 2008

SEOUL, March 18 (Reuters) - Seoul stocks were up 0.5 percent on Tuesday, led by electronics titles, recouping some of the 1.6 percent losses which took shares down to a 10-month closing bellow in the before-mentioned session. Electronics titles such as Samsung Electronics (005930.KS: , , ) and LG Display (034220.

KS: , , ) rose on hopes the weakening won will fetch South Korean exports more price-competitive in abroad markets. Samsung advanced 3.1 percent to 567,000 won and LG Display went up 3 percent to 45,000 won. “Samsung Electronics is benefiting from the weakening town currency, and also its valuation has become good-looking after an extended fall. Local institutional investors are snapping up Samsung shares as they angle mid-500,000 won elevation as affordable,” said Kim Gee-soo, an analyst at Goodmorning Securities.

000 won

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