* Blue-chips mixed; Samsung Elec down 1.6 pct
* Hanjin Heavy down 8.5 pct after capital increase plan
SEOUL Jan 17 Seoul shares traded nearly flat on
Thursday morning, tracing global stocks' lacklustre performance
as concerns about world economic growth undercut the effect of
U.S. banks' strong earnings results.
The Korea Composite Stock Price Index (KOSPI) ticked
0.03 percent lower at 1,976.94 points as 0156 GMT.
"The main board is continuing the recent trend of seesawing
while moving sideways on average, due to a mixture of concerns
over remaining U.S. fiscal issues and hopes for economic
recovery in the U.S. and China," said Jeong Dong-hyu, an analyst
at Eugene Investment & Securities.
Asian shares consolidated early on Thursday as
better-than-expected U.S. earnings lifted sentiment, but worries
over the international economic outlook and U.S. fiscal problem
Blue-chips were mixed, with tech heavyweight Samsung
Electronics Co Ltd losing ground for the third
straight session, sliding 1.6 percent on foreign selling.
Shares in most local financial firms rose after Goldman
Sachs and JPMorgan Chase & Co reported strong
earnings results on Wednesday.
Shinhan Financial Group Co Ltd rose 1 percent,
while Hanwha Life Insurance Co Ltd gained 1.3
percent and Daewoo Securities Co Ltd added 1.3
Among daily movers, Hanjin Heavy Industries & Construction
Co Ltd plunged 8.5 percent, extending Wednesday's 14
The shipbuilding and construction firm said on Wednesday it
would issue 21 million new shares in a paid-in capital increase
to raise 180.2 billion won ($170.20 million) in operating funds.
Declining shares outnumbered winners 407 to 353 near
The KOSPI 200 benchmark of core stocks was down 0.1
percent, while the junior KOSDAQ edged 0.1 percent
(Reporting by Joyce Lee; Editing by Stephen Coates)