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Korea Hot Stocks-Hyundai E&C, POSCO

Mon Feb 18, 2008 8:59pm EST
 
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SEOUL, Feb 19 (Reuters) - Stocks on the move on Tuesday include:

As of 0155 GMT, the main KOSPI was up 0.82 percent at 1,710.20 points, tracking firmer European stocks without a lead from Wall Street which was closed for a public holiday.

The index opened 1.23 percent higher at 1,717.10 points.

**HYUNDAI ENGINEERING UP AFTER WINNING ORDER**

Shares in Hyundai Engineering & Construction Co (000720.KS: Quote, Profile, Research, Stock Buzz), South Korea's top builder by orders, added 2.32 percent to 88,300 won, following news late on Monday it won a $636 million Singapore harbour order.

The Maritime Port Authority of Singapore had placed the order to develop the Pasir Panjang terminal, Hyundai told the Korea Exchange in a filing. [ID:nSEO345394]

0108 GMT

**POSCO GAINS AS INVESTORS DIGEST HIKE IN IRON ORE PRICES**

POSCO Co Ltd (005490.KS: Quote, Profile, Research, Stock Buzz), the world's fourth-largest steel maker, gained 1.94 percent to 525,000 won, a day after POSCO agreed to a 65 percent jump in iron ore prices with Brazilian miner Vale. Analysts said the decision cleared uncertainity and said investors were relieved the hike was not greater.  Continued...

 

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