S.Korea ethanol producers soar as demand for hand sanitizers seen rising

Changhae Ethanol Co

20/02/2020 02:57

** Shares of South Korean ethanol producers surge as
investors bet on rising demand for alcohol-based hand sanitizers
after government reports a spike in new virus cases
    ** South Korea reports 31 new cases of coronavirus on
Thursday, bringing the number of people infected in the country
to 82  urn:newsml:reuters.com:*:nL4N2AK0FO
    ** Shares of Korea Alcohol Industrial  017890.KQ , Changhae
Ethanol  004650.KQ  and MHEthanol  023150.KS  surge 30% each,
hitting their intraday price limit
    ** The broader KOSPI  .KS11  and the junior KOSDAQ  .KQ11 
indexes down more than 0.7% by 0238 GMT

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