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Korea Hot Stocks-STX units, NHN, Webzen, Hyundai Securities

Reuters - Wednesday, September 3

SEOUL, Sept 3 - Stocks on the move on Wednesday include:

As of 0509 GMT, the main KOSPI <.KS11> was up 0.32 percent at 1,411.59 points.

The index opened 0.23 percent lower at 1,403.89 points.

**STX UNITS REBOUND AFTER LOSSES, EASED FINANCING WORRIES**

Shares in STX Group units jumped on Wednesday after their extended losses in August on liquidity worries after the group's tender offer for Aker Yards <AKY.OL> last month and on previous, false rumours of its bid interest in Daewoo Shipbuilding & Marine Engineering <042660.KS>. "There had been a lot of negative news flows and rumours on STX Group in the month of August, pushing their shares down sharply. And we are seeing the stocks making long-overdue recoveries," said Cho In-karp, an analyst at Goodmorning Shinhan Securities.

As of Tuesday's closing, shares in STX Shipbuilding <067250.KS>, the group's shipbuilding unit, had fallen for 11 straight sessions since Aug 18, losing 33.4 percent of their value. STX Shipbuilding was up 14.01 percent to 17,500 won as of 0500 GMT.

STX Engine <077970.KS>, which had dropped 39.3 percent since Aug 18 as of Tuesday's closing, rose 12.23 percent to 20,650 won. STX Corp <011810.KS>, which had fallen 33 percent over the same period, was up 9.56 percent to 29,800 won.

0500 GMT

**NHN, WEBZEN RISE AFTER TAKEOVER NEWS**

Shares in Internet portal operator NHN and online game maker Webzen rose after local media reports a NHN unit was poised to acquire management rights in Webzen.

Shares in NHN <035420.KQ> gained 3.61 percent to 140,800 won, while shares in Webzen <069080.KQ>, which is also listed on the Nasdaq <WZEN.O>, surged 11.53 percent to 9,090 won.

Online news service Edaily said that after a deal was completed the NHN unit would become the largest shareholder in Webzen with a 20 percent stake.

The junior Kosdaq <.KQ11> market was up 0.9 percent.

0414 GMT

**HYUNDAI SECURITIES GAINS ON SHARE BUYBACK**

Shares in brokerage Hyundai Securities <003450.KS> gained 5 percent to 10,500 won after the company said after Tuesday's market close that it would buy back 3.4 million shares for a total of 35.4 billion won .

Hyundai added that the share buyback was aimed at stabilising its stock price.

0049 GMT

(Reporting by Park Ju-min; Editing by Nick Macfie, Keiron Henderson and Jonathan Hopfner)

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