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Korea Hot Stocks-Hynix, NHN fall

Reuters - Friday, July 4

SEOUL, July 4 - Stocks on the move on Friday include:

As of 0406 GMT, the main KOSPI <.KS11> was down 1.65 percent at 1,580.01 points, continuing its downward run after diving 6.5 percent over the last six straight sessions.

The index opened 0.13 percent lower at 1,604.47 points.

**HYNIX FALLS ON CONTINUED EARNINGS WORRIES**

Shares in Hynix Semiconductor <000660.KS> tumbled on Friday after gaining 5.5 percent Thursday, hit by continued worries about the memory chip market outlook after a U.S. brokerage said the world No.2 memory chip maker's second quarter earnings would remain weak, analysts said.

Goldman Sachs said in a report on Friday that a delay in the recovery of NAND Flash chip prices would continue to weigh on Hynix's earnings, according to local media reports.

"NAND Flash chip prices have been weakening in the past couple of months. But DRAM chips, which take up nearly 80 percent of Hynix's product portfolio, have been gaining for the past couple months," said Kim Gee-soo, an analyst at Goodmorning Shinhan Securities.

"Hynix will probably continue to post losses through this year," said Greg Roh, an analyst at Korea Investment & Securities, citing a likely slowdown in consumer demand for electronics goods.

Hynix shares were down 5.19 percent to 23,750 won as of 0519 GMT.

0519 GMT

**NHN TUMBLES ON FALLING MARKET SHARE CONCERNS**

Shares in NHN Corp <035420.KQ>, the country's top internet portal and search service provider, tumbled 7.22 percent to 163,300 won on concerns over its dwindling market share.

Analysts said the worries arose on a report by a local research firm, which said that NHN's website traffic had declined during June, while that of rival Daum Communications <035720.KQ> increased.

Shares in Daum rose 3.65 percent to 65,300 won.

"Despite the report, NHN's earnings are expected to remain solid through the second half of the year," said Min Kim, an analyst at Dongbu Securities.

The junior Kosdaq <.KQ11> market was down 0.64 percent.

0406 GMT

(Reporting by Park Jung-youn, Park Ju-min; Editing by Jonathan Hopfner)