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LG Elec shares jump to record, outlook strong

SEOUL
Wed May 14, 2008 9:41pm EDT

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LG Electronics' LCD televisions are displayed at a store in Seoul January 23, 2007. REUTERS/Jo Yong-Hak

SEOUL (Reuters) - Shares in LG Electronics Inc (066570.KS) jumped nearly 6 percent early on Thursday, hitting its lifetime high, as a strong earnings outlook coupled with the won's recent weakness boosted demand for the stock.

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By 0121 GMT (9:21 p.m. EDT), LG shares were trading up 4.84 percent at 162,500 won, outperforming the wider market's 1.37 percent gain. The stock had earlier risen as much as 5.81 percent to hit a record high of 164,000 won.

(Reporting by Rhee So-eui; Editing by Keiron Henderson)
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