Reuters: Hot Stocks: Korea Hot Stocks-Hyundai E&C outperforms on large-scale orders

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Korea Hot Stocks-Hyundai E&C outperforms on large-scale orders Mar 20th 2013, 02:59 SEOUL, March 20 | Tue Mar 19, 2013 10:59pm EDT SEOUL, March 20 (Reuters) - South Korea's main KOSPI share index was down 0.4 percent at 1,972.53 points as of 0253 GMT. The index opened down 0.5 percent at 1,969.19. Shares in Hyundai Engineering & Construction rose 2 percent near mid-session, outperforming local builders on announcements of large-scale orders. Hyundai E&C said in a regulatory filing on Wednesday it won a $1.89 billion order to build facilities to transport and treat oil from offshore sites in the United Arab Emirates from the Abu Dhabi Marine Operating Company. Hyundai E&C also said on Wednesday a consortium consisting of Hyundai E&C and Daewoo International won a $819 million order to build a power plant in Talimarjan, Uzbekistan, from the country's state utility Uzbekenergo. Shares in Daewoo International were up 0.8 percent. (Reporting by Joyce Lee; Editing by Sunil Nair)

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