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Wednesday March 21, 9:50 AMKorea Hot Stocks-Hyundai Mipo, Hynix up; LG Card dipsSEOUL, March 21 (Reuters) - Stocks on the move on Wednesday include:As of 0105 GMT, the main KOSPI was up 0.36 percent to 1,449.38, tracking firmer U.S. markets and also on the optimism over the technology sector in New York, led by gains in chip makers and banks. The index opened 0.13 percent higher at 1,446.07 points. **HYUNDAI MIPO SURGES AFTER SHIP ORDER** Shipbuilder Hyundai Mipo Dockyward Co. Ltd. rose 3.02 percent to 153,500 won as the company said after Tuesday's market close that it had won a 181.2 billion won order from Europe to build four chemical product carriers. The latest order brings the value of Hyundai Mipo's total published orders so far this month to $1.7 billion. South Korean shipyards are also set to benefit from stronger earnings this year, helped by a large backlog of higher priced orders, analysts said. - - - - **HYNIX GAINS AFTER PATENT DEAL WITH TOSHIBA** Hynix Semiconductor Inc. soared 2.39 percent to 32,100 won after the chip maker signed a cross-licensing pact with Japan's Toshiba Corp. late on Tuesday, to end a string of legal suits on patents. The companies said Hynix would also supply Toshiba with NAND memory chips used in digital gadgets but did not provide details. "The news eases worries that Hynix might have to pay Toshiba higher royalties due to legal conflicts," said Song Myung-sup, an analyst at CJ Investment & Securities. "But concerns over the overall memory market outlook still linger." Gains in U.S. semiconductor shares also helped Hynix, the world's third-biggest maker of NAND chips behind Samsung Electronics Co. Ltd. and Toshiba. 0042 GMT - - - - **LG CARD DROPS AS PUBLIC TENDER CLOSES** Shares in LG Card Co. Ltd., the country's top credit card issuer acquired by Shinhan Financial Group , dropped by its daily limit, down 14.95 percent to 52,900 won, hit by accelerated sales after a public tender offer by Shinhan closed. In the country's largest acquisition worth $7.2 billion, Shinhan completed the tender offer between Feb. 28 and March 19 at 67,770 won per share. 0042 GMT |
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