Korea Hot Stocks- Shinhan, Seokwang, refiners, Daewoo Ship

SEOUL, Oct 6 (Reuters) - Stocks on the move on Monday include:

As of 0436 GMT, the main KOSPI was down 4.37 percent to 1,357.58 points, hit by deepening worries about the economy and further fallout from the credit crisis.

The index opened 2.11 percent lower at 1,389.68 points.

**SHINHAN FINANCIAL TUMBLES ON LIQUIDITY FEARS**

Shares in Shinhan Financial Group (055550.KS) tumbled on Monday on deepening worries about the banking sector facing a foreign currency liquidity crunch, prompting the government to repeat an earlier pledge to give banks access to the country's foreign exchange reserves.

"As the sectoral outlook grows increasingly dim, Shinhan, which had outperformed its peers and remained the top pick among financials, has fallen," said Bae Jung-hyun, an analyst at Dongbu Securities.

Bae added that Shinhan's investment portfolio and asset quality had been deemed heathier than other domestic lenders, shoring up its share price.

Shinhan Financial Group had lost 17 percent since September this year as of Thursday's closing, compared to Hana Financial Group's (086790.KS) 30 percent drop and Woori Finance Holding's (053000.KS) 19 percent loss.

"Investors are now indiscriminately bearish against banking issues...taking a toll even on Shinhan," Bae said.

Shares in Shinhan were down 8.11 percent. Hana Financial Group was down 3.69 percent and Woori Finance Holdings was down 2.58 percent as of 0435 GMT.

0436 GMT

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**SEOKWANG CONSTRUCTION SURGES ON STAKE SALE**

Shares in small builder Seokwang Construction Co Ltd (001600.KS) bucked the overall trend, surging 14 percent to 2,550 won after it said in a filing with the Korea Exchange that its three top shareholders were considering selling stakes.

The Korea Exchange asked on Thursday the builder to clarify a sharp decline in its shares. South Korean markets were closed on Friday for a public holiday.

0248 GMT