South Korean stocks jump 1.1 percent

SEOUL, South Korea --South Korean shares rose Monday for a third session on demand for bank and shipbuilder stocks. The won gained.

The Korea Composite Stock Price Index rose 15.51 points, or 1.1 percent, to 1,443.39.

Kookmin Bank, the largest Korean bank by assets, rose 3.9 percent to 85,700 won on easing investor worries over U.S. subprime mortgage loans.

"The U.S. housing-loan crisis isn't likely to happen in South Korea, considering local banks' proactive and tight asset control and their continued improvement in household credit requirements," said Kyobo Securities' analyst Kim Won-yeol.

Shipbuilders advanced on news of overseas orders.

Hyundai Mipo Dockyard Co. surged 6 percent to 150,000 won.

Among technology shares, display maker LG.Philips LCD Co. jumped 6.1 percent to 33,950 won.

In currency trading, the U.S. dollar closed at 943.70 won , down from 944.80 won Friday, its lowest finish in more than a week.