(Bloomberg) -- South Korean stocks advanced to a record for a third day. Samsung Electronics Co. led exporters higher on speculation the U.S. Federal Reserve will be more inclined to cut interest rates after job and wage growth slowed.
``With the housing slowdown, it would be devastating for the labor figures to worsen,'' said Kim Ki Bong, who oversees about $1.2 billion at CJ Asset Management Co. in Seoul. ``It would be good if the Fed took the data to mean the economy is slowing and cut rates, which would help increase exports like technology products.''
Read more at Bloomberg Stocks News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment