Korea Cosmetics, Surge on Expectations of Xi Jinping's Visit... Synergy Expected with New Government [Featured Stock]

[Financial News] Stocks related to cosmetics, including Korea Cosmetics, are showing strong performance during the day. The news that Xi Jinping, the President of China, may visit Korea within the year is accelerating the movement of investors expecting synergy effects with the new government of President Lee Jae-myung.
As of 10:14 a.m. on the 14th, Korea Cosmetics is trading at 11,410 won on the Korea Exchange, up 25.11% from the previous trading day.
According to the related industry on this day, expectations for the improvement of Korea-China relations are emerging due to President Xi's visit to Korea.
President Xi is scheduled to attend the Asia-Pacific Economic Cooperation (APEC) summit to be held in Gyeongju in October-November. This news surfaced when Jeong Gyu-jae, former chief editorial writer of Korea Economic Daily, introduced the remarks on his YouTube channel, saying that President Lee mentioned this during a luncheon meeting with him.
With President Xi's visit to Korea, expectations for the lifting of the 'Korean Wave Ban' are also emerging, and entertainment-related stocks are also showing a simultaneous upward trend.

dschoi@fnnews.com Choi Du-seon Reporter