(Bloomberg) -- South Korea's stocks rose for a third
day after North Korean leader Kim Jong Il, in a news report,
signaled the Communist state is ready to begin dismantling its
nuclear program. Kookmin Bank and Samsung Electronics Co. gained.
``The direct beneficiary will be the Korean market, as
foreign investors may turn more positive,'' said Jo Dong Hyuk,
who oversees $1.9 billion in global equities at Korea Investment
Trust Management Co. in Seoul. ``The geopolitical risk was the
biggest reason for the `Korea Discount.'''
Read more at Bloomberg Stocks News
day after North Korean leader Kim Jong Il, in a news report,
signaled the Communist state is ready to begin dismantling its
nuclear program. Kookmin Bank and Samsung Electronics Co. gained.
``The direct beneficiary will be the Korean market, as
foreign investors may turn more positive,'' said Jo Dong Hyuk,
who oversees $1.9 billion in global equities at Korea Investment
Trust Management Co. in Seoul. ``The geopolitical risk was the
biggest reason for the `Korea Discount.'''
Read more at Bloomberg Stocks News
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