(Bloomberg) -- Shares of South Korean builders
gained, led by Hyundai Engineering & Construction Co., after
Daewoo Securities Co. said the industry was entering a period of
``long-term growth.''
``The major builders are getting more of their sales from
abroad,'' said Chung Yun Sik, who oversees about $6 billion in
equities at Daehan Investment Trust Management Co. in Seoul. Also,
``domestic property-market policy will probably change for the
better, turning toward a more market-friendly stance.''
Read more at Bloomberg Stocks News
gained, led by Hyundai Engineering & Construction Co., after
Daewoo Securities Co. said the industry was entering a period of
``long-term growth.''
``The major builders are getting more of their sales from
abroad,'' said Chung Yun Sik, who oversees about $6 billion in
equities at Daehan Investment Trust Management Co. in Seoul. Also,
``domestic property-market policy will probably change for the
better, turning toward a more market-friendly stance.''
Read more at Bloomberg Stocks News
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