Korean Stocks in hot streak despite Dubai debt

SEOUL, Nov 30 (Reuters) - Stocks on the move on Monday include:

As of 0059 GMT, the main KOSPI was up 2.17 percent at 1,557.58 points.

The index opened up 1.52 percent at 1,547.65 points.

**WOORI FINANCE JUMPS AS DUBAI WORRIES EASE**

Shares in Woori Finance Holdings ( WF - news - people ) jumped on Monday as Dubai debt fears eased, boosting sentiment towards the financial holding company of Woori Bank, which has exposure to Dubai.

'The primary reasons for Woori's rebound is that it had tumbled the most on Friday among key banking issues, due to its Dubai exposure,' said Ku Yong-uk, a market analyst at Daewoo Securities.

'Stocks are recovering as earlier fears have eased a bit,' Ku added.

A Woori Bank spokesman said that the bank's direct exposure to Dubai was about $7.4 million.

Shares in Woori Finance rallied 7.52 percent as of 0110 GMT.

0110 GMT

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) Keywords: MARKETS KOREA HOT/

(jungyoun.park@thomsonreuters.com; +82 2 3704 5643; Reuters Messaging: jungyoun.park.reuters.com@reuters.net)

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