South Korea Stocks: Intops, Korea Zinc, Samsung Electronics
South Korea’s Kospi index rose 8.88, or 0.5 percent, to 1,962.52 at the close in Seoul.
The following are among the most-active stocks in South Korean markets.
Intops Co. (049070 KS), a South Korea mobile-phones parts maker, added 4.1 percent to 22,650 won. Woori Investment & Securities Co. rated the stock “buy” in new coverage, saying the parts it supplies for Samsung Electronics Co.’s Galaxy Tab will help boost earnings.
Korea Zinc Co. (010130 KS), which produces gold and silver, climbed 5.4 percent to 291,000 won, the most since Nov. 18. Gold futures yesterday jumped to a record $1,429.40 an ounce on concern the U.S. will pump more cash into the economy and Europe’s debt woes will spread, boosting the appeal of the metal as an alternative to currencies. Silver also gained.
Samsung Electronics Co. (005930 KS), Asia’s biggest maker of chips, flat screens and mobile phones, rose 1.2 percent to 901,000 won, a record high. LIG Investment & Securities Co. raised its share-price estimate by 19 percent, saying the company will post record operating profit in 2011.
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