Seoul shares the address as nuclear energy, will consider tech issues-Reuters

* Alternative energy, refining stocks outperform

* Airlines, yard reflection

Jungyoun park

Seoul, 15. March Reuters)-Seoul shares gave up early gains and slipped on Tuesday as investor wariness over the extent of the damage from Japan deadly earthquake and tsunami, but the profits from the refineries and alternative energy plays lent support to the market.

Korea composite Stock price Index.KS11 (KOSPI) was 0.43 percent to 1,962.76 places like 0149 GMT, administration include falls, despite the N225 Nikkei. more than 6 percent.

"While the crisis in Japan is bad news from the global investment perspective, investors gain relative and comparative approach, regards South Korea at this time," said Lee Jun-hyuck, a senior Fund Manager, Dongbu Asset Management.

"A lot of the Japanese refineries, steelmakers and chipmakers are turned off, and offer their products is strict. It helps the prices of similar products manufactured in South Korea. Demand also will be higher, "said Lee.

Institutional investors were buyers of the net, $ 122.4 billion won (108.9 million dollars) for stocks poised to pick up shares for the fourth session.

Shares of SK innovation (096770.), the country's no 1 oil refiner, rose 2.8 percent and S-oil (010950. ND), no 3, increased by 1.1%.

Alternative energy issues jumped as investors in alternative energy sources have deepened amid heightened concerns about the safety of nuclear facilities after the explosion in Japan.

Shares in polykrystalického Silicon maker (OCI 010060. ND) 5.1 percent and jumped Taewoong (044490. KQ) device manufacturer of wind energy, rallied the 4.8 percent.

But the Japanese nuclear crisis hit the issues of nuclear energy, plant Engineering and construction designer KEPCO (052690.), declining 4.5 percent and plant services: Engineering KR (051600. ND) roughly 1.4 percent.

Memory chip makers and steelmakers after the unification of lower Monday.

decreased 2.4 percent in the Samsung Electronics (005930. ND) and POSCA (005490. ND) dipped 2.6%.

Airlines and builders bounced after steep falls in the previous session.

Korean Air Line (003490. ND) about 0.7%, and Daewoo Shipbuilding and Marine Engineering (042660. ND) climbed 2 percent.

(Report Jungyoun park; Editing Jonathan Hopfner)

Posted in green technologies

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