(Bloomberg) -- South Korean stocks jumped the most
in 11 months after U.S. retail sales rose and the Federal
Reserve said growth isn't stoking inflation, damping speculation
interest rates will be increased in the world's biggest economy.
LG.Philips LCD Co. and Hyundai Motor Co. led exporters higher.
``As concerns recede a bit people can see what's really
happening, which is that economies are still strong,'' said Kim
Young Il, who oversees about $1.1 billion as chief investment
officer at Hanwha Investment Trust Management Co. in Seoul.
``There will be rate increases but only enough to control,
rather than cut off economic momentum. It's OK to buy stocks.''
Read more at Bloomberg Stocks News
in 11 months after U.S. retail sales rose and the Federal
Reserve said growth isn't stoking inflation, damping speculation
interest rates will be increased in the world's biggest economy.
LG.Philips LCD Co. and Hyundai Motor Co. led exporters higher.
``As concerns recede a bit people can see what's really
happening, which is that economies are still strong,'' said Kim
Young Il, who oversees about $1.1 billion as chief investment
officer at Hanwha Investment Trust Management Co. in Seoul.
``There will be rate increases but only enough to control,
rather than cut off economic momentum. It's OK to buy stocks.''
Read more at Bloomberg Stocks News
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