Thursday, December 6, 2012

Reuters: Hot Stocks: Korea Hot Stocks-SK Hynix, Ahnlab

Reuters: Hot Stocks
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Korea Hot Stocks-SK Hynix, Ahnlab
Dec 7th 2012, 00:34

SEOUL | Thu Dec 6, 2012 7:34pm EST

SEOUL Dec 7 (Reuters) - South Korea's main KOSPI share index was up 0.4 percent at 1,956.71 points as of 0026 GMT. The index opened up 0.2 percent.

Shares in chipmaker SK Hynix Inc rose 3.4 percent on market forecasts of an operating profit in the fourth quarter, up from a 15.1 billion won third-quarter operating loss.

"SK Hynix is seeing continued high profitability on increased demand from Chinese smartphone manufacturers for its multi-chip modules, as well as increased revenue contribution from mobile D-RAM chips," said Kim Hyung-sik, an analyst at Taurus Investment & Securities.

Shares in computer antivirus program developer Ahnlab Inc jumped 7.9 percent in early trade Friday after its largest shareholder and former independent presidential candidate Ahn Cheol-soo publicly declared his support for mainstream opposition candidate Moon Jae-in after market close Thursday.

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