S.Korea's cosmetic makers exposed to China rally on solid China factory data

Able C&C Co

03/09/2019 03:57

** South Korea's cosmetic makers exposed to China rally,
after Chinese factory activity data beats market estimates 
    ** China's factory activity unexpectedly rises to five-month
high in August, a private business survey shows  urn:newsml:reuters.com:*:nL3N25Q0XL
    ** The Caixin/Markit Manufacturing Purchasing Managers'
Index for August stands at 50.4 beating a market forecast at
49.8
    ** Shares of AmorePacific  090430.KS  rise more than 7%,
while those of Amorepacific Group gain over 5%
    ** Shares of Able C&C  078520.KS  and LG Household &
Healthcare  051900.KS  soar 11.4% and 4.6%, respectively 
    ** Buoyed by bullish cosmetic shares, the chemical sub-index
 .KS29  trades up 1.3% 
    ** The broader KOSPI market  .KS11  was trading down 0.1%

 ((Hayoung.Choi@thomsonreuters.com; +82 2 6936 1468))