Thursday, May 31, 2007

South Korean Shares Rise to Record, Set to Complete Longest Weekly Rally

(Bloomberg) -- South Korea's Kospi index rose to a
high, poised to round off a record 13th week of gains. Samsung
Electronics Co. climbed after prices for dynamic random access
memory, or DRAM, jumped by the most in nine months and CJ
Investment & Securities Co. said prices have ``bottomed out.''

Samsung Heavy Industries Co. advanced after it said it
would buy back 467.4 billion won ($504.4 million) worth of
shares.


Read more at Bloomberg Stocks News

No comments: