(Bloomberg) -- South Korean stocks advanced, pushing
the Kospi index to a record. Kookmin Bank and Shinhan Financial
Group Ltd. rose after Deutsche Bank AG said they were ``regaining
loan growth momentum.''
``Banks are catching up after missing out on the market's
recent gains,'' said Choi Chang Hoon, who manages about $800
million at Woori Credit Suisse Asset Management Co. in Seoul.
``The feeling is spreading that banks' earnings will be more
stable than previously expected.''
Read more at Bloomberg Stocks News
the Kospi index to a record. Kookmin Bank and Shinhan Financial
Group Ltd. rose after Deutsche Bank AG said they were ``regaining
loan growth momentum.''
``Banks are catching up after missing out on the market's
recent gains,'' said Choi Chang Hoon, who manages about $800
million at Woori Credit Suisse Asset Management Co. in Seoul.
``The feeling is spreading that banks' earnings will be more
stable than previously expected.''
Read more at Bloomberg Stocks News
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