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Shares of the following companies had unusual moves in South Korea trading. Stock symbols are in parentheses and prices are as of 9:23 a.m. in Seoul.
The Kospi Index (KOSPI) rose 1 percent to 2,022.98.
Daewoo Shipbuilding & Marine Engineering Co. (042660) (042660 KS) gained 5 percent to 35,900 won. The shipbuilder may win an order for a floating production unit from Inpex Corp., Korea Economic Daily reported. The company was asked by the stock exchange to respond to the report by 6:00 p.m. today.
Hynix Semiconductor Inc. (000660) (000660 KS) gained 2 percent to 30,450 won, adding to a 6.8 percent rally yesterday. The chipmaker’s smaller rival Elpida Memory Inc. filed for bankruptcy on Feb. 27.
To contact the reporter on this story: Jun Yang in Seoul at firstname.lastname@example.org
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