Wednesday, June 13, 2007

South Korean Stocks Rise on U.S. Retails Sales; Samsung Electronics Gains

(Bloomberg) -- South Korean stocks advanced.
Samsung Electronics Co. rose after U.S. retail sales gained and
the Federal Reserve said growth isn't stoking inflation, easing
concern that interest rates will rise.

The Kospi index added 20.09, or 1.2 percent, to 1742.08 as
of 9:26 a.m. in Seoul. The Kosdaq gained 1.1 percent to 774.21.
Kospi 200 futures expiring in June climbed 1.2 percent to 221.15,
while the underlying index rose 1.2 percent to 221.10.


Read more at Bloomberg Stocks News

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