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The reviews devilray text of tropicana field event observes this Moody's Investor Service ratingis available at . * KOSPI loses 0.57 pct * Key blue chips, defensive issues outperform * Banks fall, under pressure from weaker won (Updates to close) By Jungyoun Park SEOUL, June 17 (Reuters) - Seoul shares fell on Wednesdaywith losses by banks including KB Financial Group (105560.KS)weighing on the index, but key Seoul blue chips including SamsungElectronics (005930.KS) outperformed. The Korea Composite Stock Price Index(KOSPI) endeddown 7.98 points or 0.57 percent at 1,391.17. "Foreign investors have turned into net sellers lately, andprogramme selling is adding to the pressure.
There is littleupward momentum at the index's current level," said HyundaiSecurities analyst Bae Sung-young devilrays . Foreign investors were netsellers for a third consecutivesession, offloading a net 159.2 billion won ($126.4 million),while retail investors bought a net 344 billion won tropicana field events . "But retail investors are getting into the markets amidcurrent falls tropicana field event . The index will move within a boxed range around1,400 points, but big losses are not likely either," Bae added tropicana field events . Analysts said South Korea's key blue chips and defensiveissues were drawing more interest as their share prices tended tobe more stable.
Samsung Electronics, the world's No.1 memory chipmaker, rose1.77 percent, while Hyundai Motor (005380.KS), South Korea's topcarmaker, surged 0.43 percent devilrays baseball . SK Telecom (017670.KS), South Korea's top mobile phoneoperator, climbed 0.55 percent, while Hite Brewery (103150.KS),South Korea's top brewer, gained 0.64 percent tropicana field event . But banks retreated, pressured further by the weaker wonKRW= tropicana field events . KB Financial Group (105560.KS) fell 3.59 percentfollowing local media reports KB Real Estate Trust has beenpicked as the preferred bidder for a building owned by the SouthKorean unit of ING Group, after offering 400 billion won ($318.6million) Woori Finance Holdings (053000.KS) lost 2.86 percent tropicana field event . Kia Motors (000270.KS) rallied 5.49 percent on hopes thenation's No.2 carmaker would report better-than-expected earningsfor the April-June quarter, thanks to improving domestic sales.
"Kia's monthly sales for June are expected to be better thanthose for May, which would help boost its quarterly earnings.Domestic sales have shown firm growth recently," said SKSecurities analyst Kim Yong-soo devilrays tickets . Doosan Heavy Industries (034020.KS) finished up 0.81 percenton brewing expectations for overseas plant orders tropicana field events . Earlier this week, Doosan Heavy said it had won an order forpower plant parts from Iran worth about 120 billion won ($95.57million) tropicana field event . "Expectations that Doosan Heavy will continue to win suchorders are ripe," said Goodmorning Shinhan Securities analyst ChoIn-karp tropicana field events . Commodity-related issues fell after their latest gains, withPOSCO (005490.KS), the world's No.4 steelmaker, falling 1.28percent, and Dongkuk Steel (001230.KS) retreating 3.13 percent ($1=1259.6 Won).
* Converts 9 mln euros of bonds into shares * Issues 700,000 in shares to YA Global(Adds details, background) AMSTERDAM, June 17 (Reuters) - Dutch biotechnology firmPharming (PHAR.AS) said on Wednesday it had further reduced itsdebt by converting 9 million euros ($12.5 million) of bonds intoshares, while also raising 700,000 euros via a share issue evan longoria signed baseball . The convertible bond deal is the third deal the company hasannounced since December, as it boosts its funding ahead offilings for regulatory approval with the European MedicinesAgency (EMEA) in September for its lead product Rhucin tropicana field event . Pharming said the convertible bond agreement was reachedwith several bondholders and reduces its convertible debt to35.8 million euros tropicana field events . It added that it issued about 1 million ordinary shares for700,000 euros to Yorkville Advisors Global Master as part of anearlier announced deal giving Pharming the right to request YAGlobal buy up to 20 million euros in shares over a 36 monthperiod . The company has previously issued 500,000 euros in shares toYA Global.