RPT-Korea Hot Stocks-Daewoo Shipbuilding sinks; food shares rally

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Seoul, Oct 2 (Reuters) - South Korea's main KOSPI share index was up 0.24 percent at 2,001.13 points as of 0434 GMT. The index opened up 0.12 percent.

Stocks on the move on Tuesday include: **FOOD/BEVERAGE STOCKS JUMP TO RECORD-HIGHS**

The food and beverage index jumped to a record high, which analysts attributed to holidays in Korea and China boosting demand and earnings.

Nongshim , a South Korean snack maker, was among the top performers, with shares jumping 8.9 percent to a record-high 288,500 Korean won ($260).

Orion Corp , another food manufacturer, was also trading at an all-time high of 986,000 won.

**DAEWOO SHIPBUILDING DOWN 3 PCT** Shares in Daewoo Shipbuilding & Marine Engineering

fell more than 3 percent after the South Korean shipbuilder said on Friday that a 1.2 trillion Korean won ($1.08 billion) order to build two ships was cancelled due to the global economic downturn.

Daewoo Shipbuilding said that the deal made with an unidentified company in the American region in December 2010, was called off after the shipper had failed to sign a charter contract for the vessels.

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. ($1 = 1111.4250 Korean won)

(Reporting by Hyunjoo Jin and Somang Yang; Editing by Eric Meijer)


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