SEOUL, Oct 30 (Reuters) - Stocks on the move on Tuesday
include:
As of 0130 GMT, the main KOSPI <.KS11> was down 0.67 percent
at 2,049.11, retreating from a record high set in the previous
session, despite expectations the U.S. Federal Reserve will cut
interest rates this week.
The index opened 0.2 percent lower at 2,058.78 points.
**SAMSUNG HEAVY GAINS ON Q3 EARNINGS**
Shares in Samsung Heavy Industries Co <010140.KS> jumped 3.96
percent to 52,500 won after it said quarterly net profit more
than tripled from a year ago to 141.5 billion won ($156.1
million).
Operating profit grew nine-fold to 132.4 billion won.
0130 GMT
**LG TELECOM, KTF**
KTF Co Ltd <032390.KS>, South Korea's second-biggest mobile
phone operator, eased 0.59 percent to 33,650 won after it posted
a 36 percent fall in quarterly profit, hurt by higher marketing
costs aimed at attracting subscribers for its high-speed mobile
services. [ID:nSEL000175]
But third-ranked LG Telecom Co Ltd <032640.KQ>, South Korea's
No.3 mobile phone operator, added 0.72 percent to 9,760 won after
its third-quarter net profit fell 55 percent from a year ago but
still beat market expectations. [ID:nSEO44513]
LG Telecom's operating profit, however, increased 22 percent
to 114.3 billion won.
"LG booked a one-off gain in net profit last year, but
operating profit-wise, the result is very healthy. KTF saw a dip
in operating profit on the other hand," said Lee Dong-sup, an
analyst at Daishin Securities.
0038 GMT
((Reporting by Kim Soyoung, editing by Keiron Henderson;
[email protected]; Reuters Messaging:
[email protected];+82-2-3704-5643))
($1=906.4 Won)
Keywords: MARKETS KOREA HOT