Thursday, May 3, 2007

South Korean Stocks Rise to All-Time High; Hyundai Mipo, Korean Air Climb

(Bloomberg) -- South Korean stocks advanced to a record after Korean Air Lines Co. and Hyundai Mipo Dockyard Co. reported quarterly earnings growth. Korea Electric Power Corp. and Hyundai Heavy Industries Co. led gains.

Hyundai Motor Co. rose after brokerages such as Woori Investment & Securities Co. said the company's earnings figures suggested a recovery was near.


Read more at Bloomberg Stocks News

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