South Korean stocks with China exposure climb on reports Beijing likely to lift ban on K-wave

Amorepacific

20/02/2025 01:05

** South Korean stocks with exposure to businesses in China
rally on media reports that Beijing will open markets to expand
cultural exchanges
    ** The sectors include K-pop, entertainment, game and beauty
products
    ** China plans to lift an unofficial ban on Korean contents
in the first half of 2025, Korea Economic Daily reports
    ** "China's policy towards South Korea is stable," Chinese
President Xi Jinping tells South Korea's national assembly
speaker earlier this month 
    ** Shares of K-pop agency HYBE  352820.KS  up 2%, SM
Entertainment  041510.KQ  up 6% and YG Entertainment  122870.KQ 
rises 12%
    ** Movie producer CJ ENM  035760.KQ  up 12% while Nexon
Games  225570.KQ  gains 4%
    ** Beauty product maker LG Household & Healthcare
 051900.KS  up 7%, Amorepacific Corp  090430.KS  up 4%, and
Tonymoly  214420.KS  climbs 6%  
    ** The broader KOSPI market  .KS11  down 0.6% and junior
KOSDAQ  .KQ11  down 0.5%, as of 0055 GMT
    


 (Reporting by Jihoon Lee)
 ((jihoon.lee@thomsonreuters.com))