South Korea Stocks: Hynix Semiconductor, Hyundai Mipo, Samsung

Shares of the following companies had unusual (KOSPI) moves in South Korea trading. (KOSPI) Stock symbols are in parentheses and prices are as of 10:26 a.m. in Seoul.

The Kospi Index rose 0.5 percent to 1,834.93. 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 will close as usual at 3 p.m.

Computer-chip makers: Hynix Semiconductor Inc. (000660) (000660 KS) rallied 5.7 percent to 23,200 won. Samsung Electronics Co. (005930) (005930 KS) gained 1.4 percent to 1.07 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) (000720 KS) climbed 1.4 percent to 71,400 won. The largest South Korean builder is seeking to win a subway order in the Philippines, according to a regulatory filing.

Hyundai Heavy Industries Co. (009540) (009540 KS), the world’s biggest shipbuilder, rose 1.4 percent to 260,500 won, halting a four-day, 6.6 percent retreat. The company is targeting to win $30.6 billion in orders this year, according to a regulatory filing. Its unit Hyundai Mipo Dockyard Co. (010620) (010620 KS) slipped 1.3 percent to 110,500 won. A customer in Liberia asked for a delay in the delivery of vessels by a year, Mipo said.

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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