Korean Builders to Gain on Mortgage Easing, BNP Says
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South Korea’s construction stocks, the second-worst performing group on the benchmark Kospi Index this year, will rebound after the government eased mortgage rules and extended tax breaks, according to BNP Paribas.
“We expect the much-anticipated boosting measures to drive up the overall construction sector,” Sun Chung, Seoul-based analyst at BNP, said in a report today.