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Business

South Korean cosmetics shares bounce on China hopes

AmorePacific, LG Household rise on hopes of better ties with Beijing

SEOUL -- Shares in South Korean cosmetics companies are rising on expectations that China will soften its retaliation against the country over its deployment of a U.S. anti-missile defense system.

AmorePacific Group shares rose 1.64% to 155,000 won on Friday, moving close to their year high of 157,000 won, marked on May 10 when President Moon Jae-in took office. The benchmark Kospi inched up 0.07% to 2,288.48.

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