S.Korea's underwear makers soar on Japanese goods boycott

SBW

30/07/2019 04:04

** Underwear makers surge as South Korean boycott of
Japanese goods intensifies, lifting the textile sub-index
 .KS23 
    ** According to local media reports, sales of local
underwear makers have increased amid a widespread boycott of
Japanese products
    ** Amid a worsening diplomatic and economic spat between the
neighbours, South Koreans have been boycotting clothing  brands
including Uniqlo owned by Japan's Fast Retailing  9983.T , as
well as Japanese beers and pens 
    ** TBH Global  084870.KS  and SBW  102280.KS , jump nearly
30% each, are the biggest percentage gainers among KOSPI-listed
stocks as of 0251 GMT, driving the textile sub-index up nearly
3% 
    ** Shares of BYC  001460.KS  gain nearly 8%, while In The F
 014990.KS  adds 6% 
    ** The broader KOSPI market  .KS11  trading up 0.6%

 ((hayoung.choi.thomsonreuters.com@reuters.net))