S.Korea's China-exposed shares jump after China envoy's visit

Amorepacific

02/04/2018 02:01

** S.Korea's tourism, cosmetics sector shares shine as
investors expected ongoing tensions with China to ease after
Beijing's special envoy's visit to Seoul  urn:newsml:reuters.com:*:nL3N1RC36S
    ** China had shown strong opposition to Seoul's additional
deployment of U.S. Terminal High Altitude Area Defense (THAAD)
system nB9N1MU013
    ** Lotte Tour Development  032350.KS  up nearly 30 pct,
Seoul bourse's daily trading limit, while Asiana Airlines
 020560.KS  and Korean Air Lines  003490.KS  rise 6.4 pct and
3.6 pct, respectively
    ** Lotte Shopping  023530.KS  jumps nearly 9 pct and Hotel
Shilla  008770.KS  rises as much as 8.4 pct
    ** Cosmetics companies like Amorepacific  090430.KS  and
Hankook Cosmetics  123690.KS  up 8.4 pct and 20.9 pct
respectively, as China is their major exporting country
    ** Broader market  .KS11  up 0.8 pct as of 0057 GMT

 ((Reuters Messaging: dahee.kim@thomsonreuters.com))