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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (12733)	12/10/2003 2:34:34 AM
From: StanX Long	Read Replies (1) \| Respond to of 95390

S.Korean shares end up, tech shares stage recovery SEOUL, Dec 10 10, 2:57 PM (Reuters) - Seoul shares reversed early losses and closed up on Wednesday, helped by retail investors snapping up Samsung Electronics Co Ltd and other battered technology stocks. The benchmark Korea Composite Stock Price Index climbed 0.93 percent to 794.64, recovering from a session low of 774.04. Retail and foreign investors were very aggressive in buying stocks as the market's fall looked too much," said Choi Yong-kyu, a fund manager at KEB Commerz Investment Trust Management Co. "They may bid further tomorrow and help the market shrug off the impact of expiring derivatives if the central bank presents an upbeat outlook for next year." The Bank of Korea will decide its interest rate target for December and also offer its 2004 economic forecasts on Thursday. Shares of Samsung Electronics rose 1.8 percent to 453,000 won as the company said it was buying 215,000 common shares and 33,000 preferred shares on Wednesday as a part of a one trillion won share buyback programme it announced in October. Earlier, shares had dropped as much as two percent at one point, hit by a 4.1 percent fall in the Philadelphia stock exchange's semiconductor index , a proxy trade for makers of semiconductors and chip equipment. Shares in Samsung SDI Co , a display maker for mobile phones and televisions, gained 3.66 percent to 127,500 won. Shares in LG Electronics Inc , the country's top home appliances maker, added 3.45 percent to 60,000 won. LG Card Co soared 5.62 percent to 7,710 won after Templeton Asset Management Ltd said on Tuesday it had doubled its stake in the troubled credit card issuer in the past two weeks, to become its biggest single shareholder. Gainers almost matched losers at 360 to 357 respectively, with 90 counters closing unchanged. On the political front, North Korea poured cold water on a U.S. proposal for a step-by-step resolution to a crisis over Pyongyang's nuclear arms programmes, saying on Tuesday that only a simultaneous package deal could solve the impasse. The United States, for its part, rejected North Korea's demand for energy aid and other items in exchange for a freeze of Pyongyang's suspected nuclear arms programme. Seoul's foreign minister said the North demands were not its final word as they came out before Pyongyang had had time to study a new joint proposal from Washington, Seoul and Tokyo. Foreign investors bought a net 151.2 billion won in shares and retail investors a net 187.98 billion won. Institutional investors sold a net 419.5 billion won worth of stocks. Trade volume rose to 454 million shares versus 398 million on Tuesday. Turnover also increased to 2.7 trillion won from 1.7 trillion won. The Kosdaq dropped 0.55 percent to 46.62. The December KOSPI 200 futures index, which is set to expire on Thursday, rose 0.75 point at 102.60 and the underlying KOSPI 200 spot index added 1.05 points at 102.69. Move on day +0.93 percent Year high 818.34 Year low 512.30 Change on yr +26.63 percent All time high 1145.01 09 NOV 1994 All time low 93.10 06 JAN 1981