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Asia Top News and Analysis South Korea

  • SYDNEY, Oct 8- Australian shares fell 0.3 percent on Monday, ending seven straight sessions of gains, dragged down by commodities and mining sectors as investors' attention turned to the coming U.S. earnings season amid concerns of weaker results. 3.2 percent, while Woodside Petroleum. New Zealand's benchmark NZX 50 index.

  • SEOUL, Oct 8- SK Telecom Co Ltd, South Korea's top mobile operator, sold half of its 2.85 percent stake in steelmaker POSCO for 440 billion won before the stock market opened on Monday, an SK Telecom spokeswoman said.

  • SEOUL, Oct 8- Seoul shares fell slightly on Monday morning as investors braced for a slowing world economy and kept a wary eye on the upcoming earnings season. The MSCI index of Asia-Pacific shares excluding Japan was down 0.73 percent.

  • BANGKOK-- Asian stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. Benchmarks in Singapore, Taiwan and mainland China also fell. Andrew Sullivan, principal sales trader at Piper Jaffray in Hong Kong, said protests in Spain and IMF concerns over Greece continue to worry investors.

  • *Toyota, Honda to cut working hours, slow line speed-Nikkei. TOKYO, Oct 8- Japan's Toyota Motor Corp, Nissan Motor Co and Honda Motor Co plan to slash production in China by roughly half, the Nikkei newspaper reported on Monday, as a territorial row between Asia's two largest economies cuts sales of Japanese cars in the world's biggest auto market.

  • SYDNEY, Oct 8- Australian shares slipped 0.1 percent in early trade on Monday, with mining stocks losing ground while banks gained, and traders were looking for new momentum drivers as the market consolidated last week's rise to 14- month highs.

  • HONG KONG, Oct 8- Hong Kong shares are set to extend a five-session gaining streak on Monday helped by a higher open in Chinese markets that resume trading after a week-long holiday.

  • SEOUL, Oct 8- South Korean shares edged lower on Monday as investors awaited a euro zone finance ministers meeting for signals on progress in fighting the region's debt crisis, while an upbeat U.S. jobs report was unable to provide any lift. Shipbuilders fell across the board, with Hyundai Heavy Industries down 1.6 percent. Keywords: MARKETS KOREA STOCKS/ URGENT.

  • SEOUL, Oct 8- Seoul shares are likely to hold a narrow range on Monday as the market awaits stronger signals on progress in combating the euro zone's ills, despite positive U.S. jobs data. Investors here will likely wait for more news from the euro zone, "said Cho Byung- hyun, an analyst at Tong Yang Securities.

  • SYDNEY, Oct 8- Australian shares slipped 0.1 percent in early trade on Monday, in line with a dip on Wall Street where a surprise drop in the U.S. unemployment rate was overshadowed by investor concern about the coming earnings season.

  • SEOUL, Oct 8- Following is a list of events in South Korea as well as news stories and press reports that may influence financial markets. >Korea won't weaken won to spur exports- officials.

  • SEOUL, Oct 7- South Korea believes the won will be in an "extraordinarily" balanced state for a considerable period and is determined not to intervene to weaken it to boost exports, top policymakers told Reuters.

  • MELBOURNE, Oct 8- Australian shares are expected to open roughly unchanged on Monday, buoyed by a surprise drop in the U.S. unemployment rate, with the market set to consolidate gains that took the benchmark index to a 14- month high last week.

  • SINGAPORE, Oct 8- Indonesia is buying submarines from South Korea and coastal radar systems from China and the United States. Vietnam is getting submarines and combat jets from Russia, while Singapore- the world's fifth-largest weapons importer- is adding to its sophisticated arsenal.

  • LOS ANGELES, Oct 7- Liam Neeson thriller "Taken 2" captured the No. 1 spot on movie box office charts over the weekend with a brawny $50 million take from theaters in the United States and Canada.

  • SEOUL, Oct 7- South Korea believes the won will be in an "extraordinarily" balanced state for a considerable period and is determined not to intervene to weaken it to boost exports, top policymakers told Reuters.

  • *Long-sought agreement to be announced Sunday in Seoul. WASHINGTON, Oct 5- The United States and South Korea are set to announce this weekend a joint response to the perceived threat from North Korea's growing ballistic missile force, according to a State Department notice to U.S. lawmakers on Friday.

  • With a looming election keeping Japan from making a decision on how much, if any, of its nuclear reactor fleet it will keep, and slowing growth in China weighing on the broader resource sector, it will likely be months before uranium prices start moving back toward pre-Fukushima levels.

  • LONDON, Oct 5- Asian spot prices of liquefied natural gas lost more ground this week as weaker import demand across key winter delivery periods forced some producers to sell distressed cargoes at knockdown prices.

  • BUSAN, South Korea-- A film based on the memoir of a democracy activist who was tortured in the 1980 s by South Korea's military rulers is provoking discussion about the country's not-so-distant authoritarian past and the influence it will have on this year's presidential election.