(Bloomberg) -- South Korean stocks rose for the
fifth day, capping the best week since November 2005. Samsung
Electronics Co. surged the most in more than two years and Hynix
Semiconductor Inc. jumped to a nine-month high after brokerages
lifted their ratings on the stocks.
``Market sentiment is that we're past the chip-price trough
and that we'll see a second-half recovery,'' said Cho Min Keon,
who manages $540 million at Kyobo Investment Management Co. in
Seoul. ``Chipmaker stocks should be able to meet those
expectations.''
Read more at Bloomberg Stocks News
fifth day, capping the best week since November 2005. Samsung
Electronics Co. surged the most in more than two years and Hynix
Semiconductor Inc. jumped to a nine-month high after brokerages
lifted their ratings on the stocks.
``Market sentiment is that we're past the chip-price trough
and that we'll see a second-half recovery,'' said Cho Min Keon,
who manages $540 million at Kyobo Investment Management Co. in
Seoul. ``Chipmaker stocks should be able to meet those
expectations.''
Read more at Bloomberg Stocks News
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