0048 GMT - South Korea's Kospi is 0.2% higher at 3002.30 in early trade, supported by food, construction, oil and electronics stocks. Food company CJ CheilJedang rises 3.5% after announcing its business expansion into biodegradable plastic materials. Construction firm Samsung Engineering climbs 4.0%, while excavator maker Hyundai Construction Equipment gains 2.3%. Oil refiner S-Oil adds 1.4% as the U.S. and other countries tap strategic oil reserves to check rising crude prices. Apple supplier LG Innotek advances 3.2%. Index heavyweight Samsung Electronics edges 0.1% higher after confirming its plan to build a $17 billion new chipmaking plant in Texas. (kwanwoo.jun@wsj.com)
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- Korea's Kospi 0.2% Higher, Supported by Food, Construction Stocks -- Market Talk
Korea's Kospi 0.2% Higher, Supported by Food, Construction Stocks -- Market Talk
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The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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