LG Display shares rise after Japan quake

SEOUL (Reuters) - Shares in South Korean LCD maker LG Display (034220.KS) rose on Wednesday after news that an earthquake had disrupted glass production in Japan and may deepen an ongoing shortage, lifting panel prices.

LG Display shares rose 2.33 percent to 35,200 won at 0009 GMT, outpacing the broader market's 0.79 percent drop.

"Glass supply was already tight and this quake will contribute even more to that. This is good news for LG Display as a lead maker of LCDs," said Moon Hyun-sik, an analyst at Meritz Securities.

Corning Inc (GLW.N) on Tuesday said it had halted production of liquid crystal display (LCD) glass at a factory in Japan following an earthquake there, warning the shutdown would mean the volume of glass shipments in the third quarter would decline 5 to 10 percent from the second quarter.

(Reporting by Marie-France Han and Rhee So-eui; editing by Jonathan Hopfner)