World-Beating Surge Propels Korea Zinc to ‘Inexplicable’ Levels
- Stock jumps to fresh high, best performer on MSCI gauge
- Proxy vote scheduled for Jan. 23, voters to decide on board
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Investors keen on profiting ahead of Korea Zinc Co.’s intensifying proxy battle next month are pushing the zinc smelter’s stock to the top of a global equity index.
Korea Zinc’s shares jumped as much as 12% on Thursday to reach a fresh high, extending its year-to-date surge to roughly 270%. An eight-day stretch of advances is its best winning streak in over two years, doubling the stock’s value and making it the best performer on MSCI’s gauge of world equities over that period.