Korea Electric Rises After Canadian Uranium Discovery

Bloomberg.com reports Canadian uranium discovery by Korea Electric led to a rise in trading.

The shares rose 3.5 percent, the biggest gain since May 13, to close at 32,400 won. The stock is the best performer in the MSCI AC Asia Pacific utility index, which excludes generators in Japan. The benchmark Kospi index dropped 0.8 percent.

Yoo Deok Sang, an analyst at Dongbu Securities Co. Investors says:

“The uranium discovery would be a positive factor in the long term.”

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