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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Seoul shares rise, briefly shaken by N.Korea news Reuters - Thursday, January 28 Send IM Story Print * KOSPI set to snap four-session losing streak * Report of N.Korea artillery firing briefly pressures shares * Hyundai Motor gains ahead of Q4 results By Jungyoun Park SEOUL, Jan 28 - Seoul shares rose on Thursday after briefly trading in negative territory on reports of North Korea firing more artillery, with gains in Hyundai Motor <005380.KS> ahead of its quarterly results helping the market. Sentiment was briefly pressured by reports that North Korea fired several artillery rounds on Thursday in the direction of a South Korean island off the peninsula, marking the second day of shooting near a disputed sea border.[ID:nTOE60R00W] "As always the visible impact of North Korea related news and issues is short-lived. Investors have developed some immunity to North Korea news flows," said Bae Sung-young, a market analyst at Hyundai Securities. "Investors are more interested in U.S. President Barack Obama's address to the U.S. congress. Any hints of potential exit strategies or bank restrictions will not be good, though markets have some understanding of such moves by now," Bae added. Obama's address is scheduled to begin at 0200 GMT, with the U.S. President expected to seek measures to boost job growth and stimulate the economy but stress that this must be done without leaving the U.S. with a "mountain of debt."[ID:nN26136373] The Korea Composite Stock Price Index <.KS11> was up 0.72 percent to 1,637.17 points as of 0134 GMT, headed to snap a four-session losing streak after hitting an earlier low of 1,619.26 points. Shinsegae Co Ltd <004170.KS> and Hyundai Department Store <069960.KS> dipped 0.94 percent and 1.91 percent respectively after a media reports late on Wednesday that South Korea's No.1 retailer by market value and the department store operator submitted letters of intent for the acquisition of GS Retail's mart and department store units. A Shinsegae spokesman said the company submitted a LOI to GS Retail, but declined to specify whether it was for one or both units. Hyundai Department Store spokesman said the company turned in LOI for only department store business. GS Retail operates three department store branches under the name GS Square. Shares in Hyundai Motor <005380.KS>, South Korea's top automaker, rose 3.67 percent ahead of its quarterly results. KB Financial Group <105560.KS> rose 2.52 percent after news it had decided to pull out of bidding for Prudential Financial's <PRU.N> two South Korean units, leaving Macquarie Group <MQG.AX> and a South Korean brokerage as the major contenders. [ID:nTOE60R00R] SK Communications <066270.KQ>, operator of social networking site Cyworld, rallied 7.12 percent after the firm said early on Thursday its net earnings swung to 17 billion won in the fourth quarter from a net loss of 11 billion won a year ago. Recommend Send IM Story Print Related Articles Indonesia 2010 inflation seen at 5 pct -econ min Reuters - 1 hour 15 minutes ago GLOBAL MARKETS-Stocks stage relief rally on earnings, Obama Reuters - 1 hour 16 minutes ago RUSAL studying bond issue within 6 months -paper Reuters - 1 hour 18 minutes ago TABLE-Canara Bank Oct-Dec net up 50 pct Reuters - 1 hour 19 minutes ago AU Optronics sees 2010 capex up 64 pct y/y Reuters - 1 hour 22 minutes ago News Search Top Stories Fed holds steady, sees low rates for 'extended period' US new home sales slump to nine-month low in December Germany hikes 2010 growth forecast Saab gets reprieve as GM seals sale to Spyker Haiti queues for aid amid fresh aftershocks More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Saab gets reprieve as GM seals sale to Spyker Haitian police shoot scavengers indiscriminately Haiti queues for aid amid fresh aftershocks New York woman falls, rips Picasso painting Ericsson cuts 1,500 more jobs, profit plunges More Most Viewed » Woman who saved Anne Frank's diary dead at 100 Scientists praise Obama as Doomsday clock reset More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Thursday, 28 January 2010
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US-TECH Summary
US new home sales slump to nine-month low in December
British lawyer denies Blair pressure over Iraq war
Germany hikes 2010 growth forecast
Apple prepares big bet on tablet computing
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Woman's Claims Of Cancer Terminate In Her Arrest For Fraud
Norwegian firm seeks to charge into US electric car market
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Karzai lobbies support ahead of London meeting
Italian court postpones Google verdict on bullying video
Iraq's "Chemical Ali" buried near Saddam
Chimp Attack Victim Seeking Face, Hand Transplant Operation
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S.Korea heightens alert against cyberattacks
Apple defies sceptics to shake up S.Korean phone market
Bullying Law Sparked By Tormented Teen's Suicide
Apple CEO unveils new tablet computer, the iPad
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Venezuela marches continue, Chavez shuffles cabinet |
Killers of Bangladesh independence leader executed |
Clinton to press China FM on Internet issue
Chicago's Oldest Opera Singer Getting Big 105th Birthday Bash
Russian stealth fighter to fly by end-Jan: source |
U.S. technology distributors on track to recovery
China to take time to cut Internet censorship: web founder
Michael Douglas' son pleads guilty in NY
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NKorea fires artillery rounds, raising tension
Obama to announce high-speed rail plan post-speech
N.Korea fires 80 shells despite warning shots: Seoul
Bangladesh executes ex-president's killers
Ex-suspect in Mass. highway slayings found dead
Witness: Rights of gays 2nd to preserving marriage
Cambodian opposition leader jailed in absentia
Geithner defends Fed actions on AIG bailout
Falungong decries HK as democracy row deepens
China looks to revive 'beautiful game'
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EPA to visit Calif town with birth defect cluster
Indonesia plans 'green' growth fund
Myanmar arrests 11 accused of plotting bombings
Cambodia won't send troops to Afghanistan, Iraq
Police: 11 militants killed in NATO-Afghan strike
Chinese central banker warns of new Asian crisis
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Chimp Attack Victim Seeking Face, Hand Transplant Operation
China tells banks to ensure 'steady' lending growth: govt
Chicago's Oldest Opera Singer Getting Big 105th Birthday Bash
China sets up national energy commission
China Town Renames Mountain After Movie 'Avatar'
NZ Q4 investor confidence hits record high
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French president backs Obama in battle over bankers
Toyota US sales halt deals blow to image, earnings
Damaged Picasso Painting To Be Repaired
Beekeeper Who 'Died' Found To Have Pulse While In Coffin
Pakistan ups FY09/10 GDP growth fcast to 3.4 pct
Facebook Page Prompts School Officials To Suspend Student, Issue Detention To Others
Man Carrying Matches To Clean His Ears Grounds Plane
Bankers hit out against regulation at Davos
Bollywood Actor Gets Moon Crater Named After Him
China: Theaters must meet domestic movie quota
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'Heroes' actor Adrian Pasdar booked for DUI in LA
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EU greenlights Spanish movie-making state aid
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Iran faces consequences over nuclear program: Obama |
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West backs Yemen in extremism fight at London meeting
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PAKISTAN
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