S.Korean shares jump on views Japanese goods boycott will widen

Shinsung Tongsang Co

02/08/2019 04:23

** South Korean shares exposed to Japanese goods boycott
surge after Japan's decision to remove South Korea from favoured
trade list 
    ** Japanese cabinet approves a plan to remove the
neighbouring country from a list of countries that enjoy minimum
export controls, escalating a bilateral dispute over
compensation for wartime forced labourers  urn:newsml:reuters.com:*:nL4N24Y0GM
    ** Shares of stationery-maker Monami  005360.KS  jump more
than 10% as investors expected its sales to grow as buyers stay
away from Japanese goods
    ** Apparel makers Shinsung Tongsang  005390.KS  and TBH
Global  084870.KS  add nearly 4% each 
    ** South Koreans have been boycotting clothing brands
including Uniqlo owned by Japan's Fast Retailing  9983.T , as
well as Japanese beers and snacks  urn:newsml:reuters.com:*:nL4N24H28B
    ** The broader KOSPI market  .KS11  was trading down 0.8%

 (Editing by Richard Borsuk)
 ((hayoung.choi.thomsonreuters.com@reuters.net))