Namhae Shares Advance on Fertilizer Price Outlook
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Namhae Chemical Corp. led South Korean fertilizer makers higher in Seoul trading after China imposed an export tax, triggering expectations that global fertilizer prices should remain strong.
Namhae Chemical climbed 4.4 percent to 18,900 won as of 10:19 a.m. on the Korea Exchange. Capro Corp. added 2.8 percent to 18,350 won. KG Chemical Corp. rose 4 percent to 10,200 won. The benchmark Kospi stock index gained 0.3 percent.