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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: Korea Hot Stocks - SK Energy, insurers gain Reuters - Friday, February 27 SEOUL, Feb 27 - Stocks on the move on Friday include: ADVERTISEMENT As of 0240 GMT, the main KOSPI <.KS11> was up 1.67 percent at 1,072.25 points. The index opened 0.18 percent higher at 1,056.71 points. **SK ENERGY UP AS CRUDE OIL PRICES RISE** Shares in leading refiner SK Energy <096770.KS> gained on the latest strength in crude prices. "Rising oil prices indicate that demand is picking up," said Jey Lee, an analyst at Daewoo Securities. Crude oil <CLc1> prices have risen more than 29 percent since mid-February. "Also expectations that the won currency has come near its bottom are helping," he added. A stronger won means reduced costs for the refiner of importing crude and carrying foreign currency denominated debts. SK Energy was up 3.36 percent to 74,000 won as of 0240 GMT. 0205 GMT **INSURERS UP ON COURT RULING** Shares in insurers rallied on Friday after a South Korean court ruled Thursday laws shielding casualty policy holders from criminal charges in car accidents were unconstitutional. "This will probably help enforce more careful driving, which means fewer insurance claims related to traffic accidents," said Shim Kyu-sun, an analyst at HI Investment & Securities. Hyundai Marine & Fire <001450.KS> rose 4.3 percent and Samsung Fire & Marine Insurance Co Ltd <000810.KS> gained 1.91 percent. 0038 GMT (Reporting by Jungyoun Park and Shin Jieun; Editing by Jonathan Hopfner) ((jungyoun.park@thomsonreuters.com; +82 2 3704 5643; Reuters Messaging: jungyoun.park.reuters.com@reuters.net)) Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Business China's economy showing signs of recovery: officialAFP - 2 hours 13 minutes ago RESEARCH ALERT-JP Morgan downgrades Taiwan's Cathay FinReuters - 2 hours 15 minutes ago FBI arrests Stanford Financial Group execAP - 2 hours 18 minutes ago U.S., Citi reach equity conversion deal: sourceReuters - 1 hour 48 minutes ago TREASURIES-Rise in Asia after slide on supply worriesReuters - 2 hours 19 minutes ago Most Popular – Business Viewed RBS posts record British loss, offloads toxic assets HIV mutates at high speed to avoid immune system: study Obama drives reform with 3.55-trillion-dollar budget Diet, exercise could cut cancer rates by third Obama seeks new 250 billion bank bailout: report View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Friday, 27 February 2009
Britain admits rendition of prisoners from Iraq | International |
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Holocaust-denying British bishop makes apology | International |
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