South Korea Stocks: Amorepacific, Daewoo Engineering, Korea Zinc

Thursday, Dec 16, 2010
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Bloomberg--South Korea’s Kospi index lost 0.1 percent to 2,015.37 as of 9:49 a.m. in Seoul.


The following are among the most-active stocks in South Korean markets.


Amorepacific Corp. (090430 KS) rose 3.3 percent to 1.176 million won. The South Korean cosmetics maker was raised to “outperform” from “neutral” at Credit Suisse Group AG, which said the outlook for the company’s business in China is “becoming stronger.”


Daewoo Engineering & Construction Co. (047040 KS), a South Korean builder, fell 0.8 percent to 12,300 won. The company plans to sell 89.9 million new shares to a Korea Development Bank-led fund, according to a filing. The sale is part of a December 2009 agreement for the bank to buy a controlling stake in the builder.


Korea Zinc Co. (010130 KS), which produces gold and silver, fell 1.3 percent to 304,500 won. Gold fell the most in a week on speculation that the dollar will extend a rally, eroding demand for the precious metal as an alternative asset. Silver also declined yesterday.

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