Reuters: Hot Stocks: KOREA HOT STOCKS-LG Electronics hits year high on profit jump hopes

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KOREA HOT STOCKS-LG Electronics hits year high on profit jump hopes Apr 10th 2013, 02:22 SEOUL, April 10 | Tue Apr 9, 2013 10:22pm EDT SEOUL, April 10 (Reuters) - South Korea's main KOSPI share index was up 0.65 percent at 1933.13 points as of 0204 GMT. Shares in LG Electronics rose as much as 3.9 percent to their highest in more than a year on expectations that the South Korean smartphone maker is likely to post a big jump in earnings as it gained market share from rivals including Apple and HTC. LG's operating profit for the January-March period is expected to increase 176 percent to 295.8 billion Korean won ($259.6 million) from the previous quarter, as it increased smartphone shipments whereas the likes of Apple, HTC and BlackBerry suffered from falls, Lee Sun-tae, an analyst at NH Investment & Securities said in a report on Wednesday. ($1 = 1139.4500 Korean won) (Reporting by Hyunjoo Jin; Editing by Gopakumar Warrier)

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