SEOUL, March 21 South Korea's main KOSPI share
index was flat at 1,959.60 as of 0313 GMT. The index
opened up 0.5 percent.
Stocks on the move on Thursday include:
**HANWHA CHEMICAL UP AS SOLAR RIVAL SUNTECH FALTERS**
Hanwha Chemical rose 4 percent after Shinhan
Investment Corp raised its rating to "buy" from "hold", citing
the recovery of its solar business as Chinese rival Suntech
Power Holdings teeters toward bankruptcy.
China-based unit Hanwha SolarOne is expected to swing to
profit and in the latter part of 2013, analyst Lee Eung-ji said
in a research note.
"Suntech's troubles are boosting Hanwha Chemical stocks as
Hanwha SolarOne is a direct competitor in PV cell and panels
segments," said Son Young-joo, an analyst at Kyobo Securities.
Suntech said in a statement on Wednesday that a group of
eight Chinese banks had filed a petition for the insolvency and
restructuring of its main unit Wuxi Suntech Power Holdings Co
Ahnlab fell as much as 4.8 percent after the
online security firm said its servers were used to spread
malicious codes which paralyzed personal computers at some of
the major broadcasters and banks on Wednesday.
Ahnlab said in a statement early on Thursday that the IDs
and passwords of server managers at affected firms were
allegedly stolen, but there is no loophole in its servers used
to install and update vaccines.
Ahnlab, whose biggest shareholder Ahn Chul-soo bowed out of
a presidential race last year, said it offered vaccines to fix
malicious codes on Wednesday.
Shares in Alnlab were down 3.6 percent at of 77,100 Korean
won, paring Wednesday's gains of 6.5 percent stemming from
expectations of demand for online security software following
the hacking incident.
**STX PAN OCEAN RISES ON TALK OF CASH HELP**
STX Pan Ocean rose 3.5 percent on reports that
its creditors may inject as much as 300 billion won ($268.77
million) into the cash-strapped shipper.
Local news service Edaily reported on Wednesday that Korea
Development Bank may finance 150 billion won while other
creditors will stump up the additional 150 billion won to help
the shipper meet existing commitments.
A Korea Development Bank spokesman said the bank was
reviewing whether to provide funding for STX Pan Ocean but
nothing had yet been decided. ($1 = 1116.2000 Korean won)
(Reporting by Somang Yang, Hyunjoo Jin and Joyce Lee; Editing
by Jijo Jacob and Gopakumar Warrier)