(Bloomberg) -- South Korean stocks rose, snapping a
two-day plunge that had wiped out $68 billion in market value.
Samsung Electronics Co. gained after the country's industrial
production increased almost twice as much as expected.
Higher output of chips, autos and mobile phones, which
account for about a third of the nation's exports, accounted for
the gain in production, according to a government report. Concern
that a deepening U.S. housing-market slump would hurt the world's
biggest economy had triggered a $2.1 trillion rout in global
equities last week.
Read more at Bloomberg Stocks News
two-day plunge that had wiped out $68 billion in market value.
Samsung Electronics Co. gained after the country's industrial
production increased almost twice as much as expected.
Higher output of chips, autos and mobile phones, which
account for about a third of the nation's exports, accounted for
the gain in production, according to a government report. Concern
that a deepening U.S. housing-market slump would hurt the world's
biggest economy had triggered a $2.1 trillion rout in global
equities last week.
Read more at Bloomberg Stocks News
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