South Korea Stocks: Korea Exchange Bank, LG Display, Woongjin
Stock Chart for Korea Exchange Bank (004940)
The Bank of Korea is scheduled to announce today a decision on the key interest rate at a monetary policy meeting. Today is also an expiry day for options and futures contracts.
The Kospi Index (KOSPI) added 0.2 percent to 1,985.36, halting a three-day decline.
Apple Inc. (AAPL) suppliers: LG Display Co. (034220 KS) added 2 percent to 28,150 won, Hynix Semiconductor Inc. (000660) (000660 KS) climbed 1.4 percent to 29,500 won and LG Innotek Co. (011070 KS) climbed 4.9 percent to 98,600 won. Apple introduced a new version of the iPad, beefing up the two-year-old mobile computer with a sharper screen and faster chip to widen its lead over Amazon.com Inc., Microsoft Corp. and Google Inc. in the tablet market.
Korea Exchange Bank (004940) (004940 KS) added 1.7 percent to 8,230 won. Hana Financial Group Inc. (086790) (086790 KS) said it will buy additional Korea Exchange Bank shares to increase its holdings, according to a regulatory filing. Hana shares climbed 2.9 percent to 40,300 won.
Woongjin Holdings Co. (016880) (016880 KS) advanced 1.6 percent to 6,210 won. The company picked Goldman Sachs Group Inc. to arrange the sale of its stake in Woongjin Coway Co. (021240 KS), according to a regulatory filing. Woongjin Coway dropped 1.6 percent to 36,750 won.
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