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LG Electronics Climbs on Outlook for Earnings: Seoul Mover

LG Electronics Inc. rose to an eight-month high in Seoul trading after Shinhan Investment Corp. raised its share-price estimate by 13 percent, expecting a recovery in advanced economies to help boost LG’s earnings.

The world’s third-largest maker of mobile phones, which this month reported the first profit at its handset business in seven quarters, climbed 3.1 percent to 91,000 won at the close of trading on the Korea Exchange, the highest level since June 7. The benchmark Kospi index dropped 0.2 percent.