(Bloomberg) -- South Korean stocks gained. Chemicals
makers advanced after LG Chem Ltd. reported quarterly profit that
beat estimates, and Honam Petrochemical Corp. announced a joint
venture with Qatar to build a $2.6 billion chemical plant.
``LG Chem's earnings were good across all of its
businesses,'' said Oh Hyun Jung, who helps manage $10.9 billion
at Daehan Investment Trust Management Co. in Seoul. ``Honam's
contract has shown the market that they're really going through
with this, which will help cut costs and increase production
significantly.''
Read more at Bloomberg Stocks News
makers advanced after LG Chem Ltd. reported quarterly profit that
beat estimates, and Honam Petrochemical Corp. announced a joint
venture with Qatar to build a $2.6 billion chemical plant.
``LG Chem's earnings were good across all of its
businesses,'' said Oh Hyun Jung, who helps manage $10.9 billion
at Daehan Investment Trust Management Co. in Seoul. ``Honam's
contract has shown the market that they're really going through
with this, which will help cut costs and increase production
significantly.''
Read more at Bloomberg Stocks News
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