S.Korea's cosmetics firms rise on fresh Sino-U.S. trade hopes

AmorePacific Holdings

12/12/2018 02:38

** Shares of South Korean cosmetic brands popular among
Chinese customers jump after U.S. President Donald Trump's fresh
upbeat comment on a trade deal with China
    ** In an interview with Reuters, Trump says he would
intervene in the Justice Department's case against a top
executive at China's Huawei Technologies HWT.UL if it would
serve national security interests or help close a trade deal
with China  urn:newsml:reuters.com:*:nL1N1YG2JR
    ** Trump says trade talks with Beijing were already underway
by telephone, with more meetings likely among U.S. and Chinese
officials  urn:newsml:reuters.com:*:nL1N1YG2JE
    ** Shares of Amorepacific Corp  090430.KS  and Amorepacific
Group  002790.KS  rise as much as 6.6 pct and 5.0 pct,
respectively
    ** Shares of other companies such as Cosmax Inc  192820.KS 
and It's Hanbul Co Ltd  226320.KS  gain 3.5 pct and 3.2 pct each
    ** Broader KOSPI market  .KS11  up 1.2 pct as of 0231 GMT

 ((Reuters Messaging: joori.roh.thomsonreuters.com@reuters.net))