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Korea Hot Stocks-LG Electronics, LG Display surges

Wed Apr 2, 2008 11:23pm EDT
 
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SEOUL, April 3 (Reuters) - Stocks on the move on Thursday include:

As of 0256 GMT, the main KOSPI was up 0.63 percent at 1,753.65 points, led by technology shares supported by a solid earnings outlook for electronics manufactures.

The index opened 0.2 percent higher at 1,745.72 points.

** LG DISPLAY UP AFTER APPLE SUPPLY REPORT**

LG Display (034220.KS: Quote, Profile, Research, Stock Buzz) rose 1.28 percent to 47,400 won on a positive earnings outlook and after a report that it will supply small LCDs for Apple's AAPL.0 iPod.

An LG Display spokesman confirmed it had won a deal to supply small LCDs for Apple but would not say whether they were destined for the iPod.

"The deal with Appple is positive since Apple will likely become a steady, reliable customer," said John Park, an analyst at Daishin Securities.

But analysts said the deal was relatively small, and therefore will not likely lead to a meaningful earnings upgrade.

0253 GMT  Continued...

 

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