(Bloomberg) -- South Korean stocks surged by the
most in a year. 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 for the rest of the year.
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. 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 for the rest of the year.
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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