* Samsung Elec up 2 pct, nearing peak price
* LG Elec recovers from Wednesday's sell-off
By Somang Yang
SEOUL, Nov 22 Computer-generated program trading
helped lift Seoul shares in the most subdued session in months,
as investors stayed on the sidelines, awaiting the resumption of
budget talks in the United States after the Thanksgiving
The Korea Composite Stock Price Index (KOSPI) ticked
0.8 percent higher to 1,898.48 points as of 0238 GMT, rebounding
from last week's three-month low.
"Program trading is lifting the KOSPI because, on such a
slow day, even a small volume can push the direction of the
index," said Park Seung-young, an analyst at Taurus Securities.
Trading volume in the first hour of the session was the most
muted since early August, while computerised buying in the first
two hours of the session, at 159 billion won ($146.76 million),
already exceeded the daily tally of such trades on Wednesday,
according to data from the Korea Exchange.
Shares in Samsung Electronics rose 2 percent,
continuing its climb to its all-time peak price of 1.418 million
won hit in May this year.
LG Electronics reversed earlier losses, gaining
0.6 percent, after tumbling nearly 4 percent on Wednesday on
market talk that the EU may impose bigger than expected fines
for fixing prices of televisions.
Tech stocks were among the biggest gainers, with the
semiconductor index rising 2.3 percent, while the IT
index was also up 1.5 percent.
Hyundai Motor was the biggest loser among blue
chip shares, as a strengthening won raised concerns over its
South Korean regulators warned on Thursday that they were
ready to take action in the foreign exchange market to ease the
pace of the won's gain.
Winning shares outnumbered decliners 456 to 303.
The KOSPI 200 benchmark of core stocks was up 0.9
percent, while the junior KOSDAQ edged 1 percent higher.
($1 = 1083.4000 Korean won)
(Editing by Muralikumar Anantharaman)