Bloomberg News

South Korea Stocks: Hynix Semiconductor, Hyundai Mipo Dockyard

January 02, 2012

Jan. 2 (Bloomberg) -- Shares of the following companies had unusual moves in South Korea trading. Stock symbols are in parentheses and prices are as of the close in Seoul.

The Kospi Index rose 0.63 point, or less than 0.1 percent, to 1,826.37. The South Korean equity market was closed on Dec. 30. The gauge fell 11 percent last year.

The market started trading at 10 a.m. today, an hour later than usual, and closed as usual at 3 p.m.

Computer-chip makers: Hynix Semiconductor Inc. (000660 KS) rallied 6.8 percent to 23,450 won, its steepest gain since Nov. 28. Samsung Electronics Co. (005930 KS) added 2.1 percent to 1.08 million won. Oversupply of the dynamic random access memory market is stabilizing and investors’ sentiment on the industry will “quickly” improve in January amid solid demand for mobile DRAMs, Hana Daetoo Securities Co. said in a report today.

Hyundai Engineering & Construction Co. (000720 KS) climbed 2.1 percent to 71,900 won, rising for a second day. The largest South Korean builder is seeking to win a subway order in the Philippines, according to a regulatory filing.

Hyundai Mipo Dockyard Co. (010620 KS), a unit of the world’s biggest shipbuilder, lost 2.2 percent to 109,500 won, the lowest level since Dec. 19. A customer in Liberia asked for a delay in the delivery of vessels by a year, Mipo said.

--Editor: Shiyin Chen

To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net


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