South Korea's Stocks Gain to Record, Led by Samsung on U.S. Inflation Data

(Bloomberg) -- South Korean stocks climbed for the
third day. Samsung Electronics Co. led advances after U.S. core
prices rose less than expected, heightening speculation that
growth in the world's biggest economy won't stoke inflation.

The Kospi index advanced 13.17, or 0.7 percent, to a record
1785.43 as of 9:17 a.m. in Seoul. The Kosdaq gained 1.5 percent
to 812.51. Kospi 200 futures expiring in September added 0.8
percent to 227.65, while the underlying index climbed 0.7 percent
to 226.13.


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