(Bloomberg) -- South Korean stocks surged by the
most in a year, posting the biggest percentage change among
markets included in global benchmarks. Samsung Electronics Co.
climbed after a newspaper reported that billionaire investor
Carl Icahn may be planning a hostile bid and the company
forecast ``significant improvement'' in earnings.
Posco jumped by the most in more than four years, leading
metals producers higher, after Rio Tinto Group agreed to buy
Canada-based Alcan Inc. for $38.1 billion and Dongkuk Steel Mill
Co. raised prices.
Read more at Bloomberg Stocks News
most in a year, posting the biggest percentage change among
markets included in global benchmarks. Samsung Electronics Co.
climbed after a newspaper reported that billionaire investor
Carl Icahn may be planning a hostile bid and the company
forecast ``significant improvement'' in earnings.
Posco jumped by the most in more than four years, leading
metals producers higher, after Rio Tinto Group agreed to buy
Canada-based Alcan Inc. for $38.1 billion and Dongkuk Steel Mill
Co. raised prices.
Read more at Bloomberg Stocks News
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