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

To: StanX Long who wrote (63428)	5/5/2002 9:14:07 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

S. Korean Stocks Decline, Led by Samsung Electronics, Exporters By Young-Jo Bae quote.bloomberg.com Seoul, May 6 (Bloomberg) -- South Korean stocks fell, led by Samsung Electronics Co., after the U.S. posted its highest jobless rate since August 1994 and slower-than-expected growth in service industries, casting doubt on the strength of a profit recovery in exporters' largest market. ``Exports may not rebound as much as investors expected in the latter half as the U.S. economy is showing mixed signs,'' said Kim Woo Sik, who manages 300 billion won ($233 million) at Daehan Investment Trust Management Co. Kim said the Kospi may fall to as low as 830. The Kospi index fell for a second day, losing 16.14, or 1.9 percent, to 840.51. The over-the-counter Kosdaq lost 0.75, or 1 percent, to 75.73. Samsung Electronics Co., the biggest computer-memory-chip maker, lost 12,500 won, or 3.4 percent, to 357,500. The following stocks are active. The stock symbol is in brackets after the company's name: Daewoo Shipbuilding & Marine Engineering Co. (4266 KS ) rose 110 won, or 1.2 percent, to 9160. The world's second-largest shipbuilder will begin buying back 6 million of its own shares, or 3 percent of its outstanding shares; it plans to dispose them, Korea Economic Daily said, citing an unidentified company official.