Thursday, June 28, 2007

South Korea's Kospi Index Rises, Heading for Best Quarter in Four Years

(Bloomberg) -- South Korean stocks rose, with the
key index set for its best quarter in four years, on speculation
strong domestic demand and export growth will speed up an
economic recovery. LG.Philips LCD Co. and Woori Finance Holdings
Co. gained.

``The economy will pick up in the second half,'' said James
Huh, who helps manage $540 million at Macquarie-IMM Investment
Management Co. in Seoul. ``Consumption is likely to improve and
export momentum will hold firm. Exporters, consumer stocks and
brokerages are good investments.''


Read more at Bloomberg Stocks News

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