(Bloomberg) -- South Korean stocks rose. Daewoo Shipbuilding & Marine Engineering Co. led shipbuilders higher after Daishin Securities Co. lifted its recommendation on the shares, saying an industry ``supercycle'' would boost earnings until next year.
``The good vibrations about shipbuilders are continuing,'' said Kim Seung Woo, who helps manage about $400 million at Macquarie-IMM Investment Management Co. in Seoul. ``We have good first-quarter results and orders momentum.''
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