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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (62134)	3/15/2002 12:10:58 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Seoul shares softer by noon as tech shares decline (Updates to noon) Friday March 15, 11:12 AM sg.biz.yahoo.com SEOUL, March 15 (Reuters) - South Korean shares were slightly weaker by noon on Friday, as chip giant Samsung Electronics Co Ltd and other technology shares declined on continued foreign selling fanned by weak U.S. tech shares and falling chip prices. Samsung <05930.KS>, the world's largest chipmaker, shed 3.34 percent to 332,500 won, after standard memory chip prices fell below $4 on Thursday. "The shares seem to have lost upward momentum as DRAM (Dynamic Random Access Memory) chip prices are likely to remain weak in the second quarter," Jin Young-hoon, analyst at Daishin Securities, said in a report. But he recommended long-term investors buy Samsung as demand for DRAM chips is expected to surge 47.3 percent this year on the back of an economic rebound. SK Telecom Co <17670.KS>, South Korea's top mobile carrier, lost 2.18 percent to 269,000 won and state-run KT Corp <30200.KS> eased 1.67 percents to 58,900 won. LG Electronics <02610.KS>, South Korea's largest home appliance maker, declined 1.87 percent to 42,050 won.