Some Korean Stocks Are Surging on Peace Hopes

An index of companies most sensitive to the talks has spiked over 65 percent this year

The summit between North Korean leader Kim Jong Un and South Korean President Moon Jae-in is already paying dividends for some companies. An index of nine South Korean stocks that have shown the most sensitivity to smoother relations has gained 65 percent this year, while the benchmark Kospi Index has been little changed, according to data compiled by Bloomberg. The biggest gainer Good People Co., a manufacturer of men’s and women’s underwear that has a shuttered factory in Gauseong industrial park, has seen its market value more than triple to $166 million as of the close of trading in Seoul Friday.

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