Sunday, May 27, 2007

South Korea's Kospi Rises to Record; Posco, Steelmakers Lead the Advance

(Bloomberg) -- South Korean stocks advanced to a
record. Posco gained after Meritz Securities Co. raised its
price estimate for some steelmakers, saying regional prices for
the alloy are expected to climb following increases in China.

Samsung Electronics Co. fell after U.S. existing-home sales
unexpectedly dropped, heightening concern a housing slump will
damp consumer spending in the world's biggest economy.


Read more at Bloomberg Stocks News

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