(Bloomberg) -- South Korean stocks jumped to a
record after U.S. retail sales gained and the Federal Reserve
said growth isn't stoking inflation, easing speculation that
interest rates will rise and curb expansion. LG.Philips LCD Co.
rose.
``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
record after U.S. retail sales gained and the Federal Reserve
said growth isn't stoking inflation, easing speculation that
interest rates will rise and curb expansion. LG.Philips LCD Co.
rose.
``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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