Reuters: Hot Stocks: Korea Hot Stocks-Cold snap sends apparel brands higher

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Korea Hot Stocks-Cold snap sends apparel brands higher Dec 4th 2012, 02:30 SEOUL | Mon Dec 3, 2012 9:30pm EST SEOUL Dec 4 (Reuters) - South Korea's main KOSPI share index was down 0.5 percent at 1,930.14 as of 0221 GMT. The index opened down 0.38 percent. Apparel companies bucked the market fall on Tuesday, driven by expectations that South Korea's unusually cold weather will boost demand for their products. Handsome Corp rose 4.1 percent and LG Fashion gained 2.6 percent, helping send the textile & wear sub-index higher. "The cold snap is expected to continue in December after November temperatures were lower than previous years by more than five Celsius degrees on average, raising expectations about consumption about apparels," Seo Jeong-yeon, an analyst at Shinyoung Securities, said. (Reporting By Hyunjoo Jin and Chang Seong-won; Editing by Jijo Jacob)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions