Taiwan's chip industry to grow 4.4 pct in 2011

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By Kim Young-gyo HONG KONG, May 17 (Yonhap) -- Taiwan's semiconductor industry will likely expand 4.4 percent on-year in 2011, a research organization said Tuesday, forecasting its stable growth de

Seoul shares down 0.32 pct in late-morning trade

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SEOUL, May 17 (Yonhap) -- South Korean stocks traded 0.32 percent lower late Tuesday morning as investor sentiment was cooled by concerns about the eurozone sovereign crisis, analysts said.

NCsoft logs 34.5 bln won in Q1 net

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SEOUL, May 17 (Yonhap) -- NCsoft Corp., a South Korean online game developer, said Tuesday that it posted a net profit of 34.5 billion won (US$31.6 million) in the first quarter of this year.

Seoul shares open higher on bank gains

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SEOUL, May 17 (Yonhap) -- South Korean stocks got off to a strong start on Tuesday as investors picked up beaten-down bank shares, analysts said.

Markets

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FOREX-open Dollar opens at 1,094.5 won UP from 1,091.0 won
KOSPI-open KOSPI 2,103.82 DN 0.36 points (open)
KOSDAQ-open KOSDAQ 506.17 UP 0.10 points (open)

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