Bloomberg News

Daewoo, Korea Builders Gain on Libya Reconstruction Speculation

October 20, 2011

Oct. 21 (Bloomberg) -- Daewoo Engineering & Construction Co. led South Korean builders higher in Seoul trading speculation they will benefit from a potential increase in reconstruction work in Libya, said Alex Cho, an analyst with Daishin Securities Co. Daewoo Engineering rallied 7.1 percent to 9,800 won as of 9:19 a.m. on the Korea Exchange. Hyundai Engineering & Construction Co. added 5.9 percent, while the benchmark Kospi Index gained 0.8 percent.

To contact the reporter on this story: Saeromi Shin in Seoul at sshin15@bloomberg.net

To contact the editor responsible for this story: Seyoon Kim at skim7@bloomberg.net


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