S.Korea's cyclical stocks rise on U.S.-China trade truce

SsangyongC&E Co

03/12/2018 01:11

** Shares of South Korea's big, China demand-dependent firms
rise after U.S. and Chinese leaders broker a truce in their
trade conflict
    ** As uncertainties over U.S.-China trade are resolved,
macro-related shares are rising altogether - Roh Woo-ho, an
analyst with Meritz Securities
    ** Steelmakers Posco  005490.KS  and Hyundai Steel Co
 004020.KS  rise 4 pct and 6.3 pct, respectively; the sub-index
for iron, steel & metal  .KS34  jumps 3.6 pct
    ** South Korea's biggest chemical firms LG Chem Ltd
 051910.KS  and Lotte Chemical Corp  011170.KS  leap 4.5 pct and
7.7 pct, respectively
    ** Shipbuilders and construction-related firms also rise;
Doosan Heavy Industries and Construction Co Ltd  034020.KS 
gains 4.8 pct, while Ssangyong Cement Industry Co Ltd
 003410.KS  climbs 6.6 pct
    ** Broader market  .KS11  up 1.4 pct as of 0104 GMT

 ((joori.roh.thomsonreuters.com@reuters.net))