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Asia-Pacific News Korea

  • *Case builds for rate cut at Bank of Korea Oct. 11 meeting. SEOUL, Oct 2- South Korea's central bank promised on Tuesday to direct policy at shoring up the sputtering economy, as a survey showed the manufacturing sector shrank by the most in nearly four years, adding to expectations it will cut interest rates next week.

  • SYDNEY, Oct 2- Australian shares rallied 1 percent on Tuesday to their highest close in five months after the central bank cut its main cash rate in a bid to bolster growth in the face of weak commodity prices and global uncertainty.

  • SYDNEY, Oct 2- Australian shares rallied 1 percent to their highest close in five months after Australia's central bank cut its main cash rate in a bid to bolster growth in the face of weak commodity prices and global uncertainty.

  • SEOUL, Oct 2- South Korean shares ended flat on Tuesday, paring earlier gains as trading was subdued heading into a holiday on Wednesday.

  • *MSCI Asia ex- Japan up 0.3 pct, Nikkei recovers from 3- week low. inched up 0.1 percent, suggesting a firm start on Wall Street, but financial spreadbetters expected London's FTSE 100.

  • SYDNEY, Oct 2- Australia's central bank cut interest rates by a quarter point to a three-year trough of 3.25 percent on Tuesday as a slowdown in China, falling export prices and a high currency all dimmed the economic outlook at home.

  • Seoul, Oct 2- South Korea's main KOSPI share index was up 0.24 percent at 2,001.13 points as of 0434 GMT. The food and beverage index jumped to a record high, which analysts attributed to holidays in Korea and China boosting demand and earnings. Orion Corp, another food manufacturer, was also trading at an all-time high of 986,000 won.

  • SYDNEY, Oct 2- Australia's central bank cuts interest rates by a quarter point to a three-year trough of 3.25 percent on Tuesday, saying a darker global background, falling export prices and a high currency had all dimmed the economic outlook at home.

  • *Case builds for Bank of Korea rate cut at Oct. 11 meeting. SEOUL, Oct 2- South Korea's central bank said on Tuesday it was now directing policy at lifting economic growth, as a survey showed the manufacturing sector shrank by the most in nearly four years, adding to the case for an interest rate cut next week.

  • SEOUL, Oct 2- South Korea's Daewoo Shipdbuilding& Marine Engineering Co Ltd said on Tuesday that it has received a 2.3 trillion won order to build four drilling ships.

  • *Case builds for Bank of Korea rate cut at Oct. 11 meeting. SEOUL, Oct 2- South Korea's central bank said on Tuesday it was now directing policy at lifting economic growth, as a survey showed the manufacturing sector shrank by the most in nearly four years, adding to the case for an interest rate cut next week.

  • *Trial ended in August with victory for Apple on many claims. *Samsung files motion against Apple on iPhone 5. Oct 1- A U.S. court removed a temporary sales ban against Samsung Electronics Co Ltd's Galaxy Tab 10.1 won by Apple Inc in a patent dispute, allowing the South Korean company to sell the product in the United States.

  • SEOUL, Oct 2- Samsung Electronics said on Tuesday that it filed a new lawsuit against Apple Inc. in a U.S. court, contending the iPhone 5 infringed on Samsung's patents. In a statement, Samsung said: "... we have little choice but to take the steps necessary to protect our innovations and intellectual property rights."

  • SEOUL, Oct 2- South Korea's central bank said on Tuesday it was now directing monetary policy at boosting economic growth, a shift in emphasis away from the price stability stressed in its statement last month.

  • SEOUL, Oct 2- South Korean stocks edged up in early trading on Tuesday, led by heavyweight Samsung Electronics. The South Korean company will also benefit from a potential improvement in U.S. consumption, " Kim Young- joon, an analyst at SK Securities, said. The Korea Composite Stock Price Index rose 0.3 percent to 2,002.42 points as of 0226 GMT.

  • South Korea's Kospi rose nearly 0.3 percent to 2,001.41 and Australia's S&P/ASX 200 gained 0.6 percent to 4,413.80. Benchmarks in Singapore, Taiwan and Malaysia also rose. The better news on manufacturing helped investors set aside concerns of a possible downgrade by credit rating agency Moody's of Spain's debt rating to junk status.

  • South Korea's Kospi rose nearly 0.3 percent to 2,001.41 and Australia's S&P/ASX 200 gained 0.6 percent to 4,413.80. Benchmarks in Singapore, Taiwan and Malaysia also rose. The better news on manufacturing helped investors set aside concerns of a possible downgrade by credit rating agency Moody's of Spain's debt rating to junk status.

  • *Case builds for Bank of Korea rate cut at Oct. 11 meeting. An HSBC/ Markit survey showed the purchasing managers' index of South Korea's manufacturing sector fell to a seasonally adjusted 45.71 in September from 47.50 in August, touching its lowest since February 2009.

  • MELBOURNE, Oct 2- Australian shares advanced 0.5 percent on Tuesday, with investors on tenterhooks ahead of a central bank rate decision and resources stocks helped by stronger-than-expected U.S. manufacturing data.

  • Seoul, Oct 2- South Korea's main KOSPI share index was up 0.28 percent at 2,001.77 points as of 0028 GMT. Stocks on the move on Tuesday include:** DAEWOO SHIPBUILDING DOWN 3 PCT** Shares in Daewoo Shipbuilding& Marine Engineering. Daewoo Shipbuilding shares were traded down 2.5 percent at 25,300 won, underperforming the wider market's 0.25 percent gain as of 0027 GMT.