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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-Carmakers, LG Display, fisheries Reuters - 2 hours 12 minutes ago SEOUL, Dec 10 - Stocks on the move on Wednesday include: As of 0444 GMT, the main KOSPI <.KS11> was up 4.10 percent at 1,151.15 points. The index opened 0.6 percent higher at 1,112.44 points. **CARMAKERS RALLY ON U.S. AUTO BAILOUT HOPES** Shares in South Korean car makers extended gains on Wednesday afternoon after news that the White House and congressional Democrats on Tuesday night reached an agreement in principle on a $15 billion proposal to bail out U.S. automakers.[ID:nL9471247] "Without the bailout, it would have meant the collapse of car markets in the United States, which would come as really bad news for car makers of all nationalities," said Cho Soo-hong, an analyst at Hyundai Securities. Hyundai Motor <005380.KS>, the world's No.5 automaker, was up 10.8 percent and Kia Motors <000270.KS> was up 8.4 percent as of 0530 GMT. Hyundai shares had shed 38 pct since mid-October as of Tuesday's close. Other carmakers including Japan's Honda Motor <7267.T> and Nissan Motor <7201.T> were also up 11.11 percent and 6.12 percent respectively. "Still, the auto industry faces tough challenges ahead, namely slowing economic growth worldwide and dampening demand for new cars," Cho added. 0452 GMT - - - - **LG DISPLAY SLIDES AFTER PRICE FIXING PLEA** Shares in LG Display fell after news that the South Korean flat screen maker and Japan's Sharp Corp <6753.T> will plead guilty in mid-December to price fixing in the market for thin-film transitor liquid crystal displays, the U.S. Justice Department said on Thursday.[ID:nN09268463] "News overnight on its guilty plea in the United States to price fixing charges weighed on sentiment, and worsened worries about a similar ongoing court battle in Europe," said John So, an analyst at Goodmorning Shinhan Securities. "Added to that are broader worries about global recession and its impact on tech spending. We estimate LG Display's 2009 first quarter operating loss to be around 300 billion won," So added. LG Display was down 5.98 percent as of 0054 GMT. 0054 GMT **FISHERIES SURGE ON NEWS OF BIRD FLU OUTBREAK** Shares in fisheries jumped after news the avian flu virus was found at a farm in Hong Kong. Hong Kong health authorities raised the city's bird flu alert level to "serious" on Tuesday after the H5 virus killed dozens of chickens, prompting the cull of 80,000 birds. [ID:nSP404817] Oyang Fisheries <006090.KS> surged 14.84 percent to 6,810 won and Dongwon Fisheries Co Ltd <030720.KS> jumped by the intraday limit of 15 percent to 3,610 won. However, shares in chicken food processors were down such as Halim Co Ltd <024660.KQ> falling 2.21 percent. The junior Kosdaq <.KQ11> market was up 0.5 percent. (Reporting by Park Jung-youn, Park Ju-min; Editing by Keiron Henderson) 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 leaders to table 2009 macro economic policyAFP - 20 minutes ago China Eastern to unveil government aid package - sourceReuters - 25 minutes ago Highland Gold postpones start of new Russian mineReuters - 27 minutes ago Emerging debt-Asian spreads widen as risk aversion lingersReuters - 27 minutes ago Europe stock index futures up, track Asian marketReuters - 28 minutes ago Most Popular – Business Viewed New recession warnings hit leading economies Muslim pilgrims stone Satan at the hajj Dow Chemical to cut 5,000 jobs, close 20 facilities Stocks take flight on prospects for anti-recession moves Military jet crashes in California suburb, three dead View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Wednesday, 10 December 2008
Chabad to rebuild Mumbai Jewish Center
China detains prominent dissident ahead of Human Rights Day: wife
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Greenpeace tries softer anti-whaling approach
Indian police to question another Mumbai suspect
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British animator Oliver Postgate dies at 83
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Britain to put cigarettes under the counter
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Korea Hot Stocks-Carmakers, LG Display, fisheries
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