[Featured Stocks] Koreana and Other Cosmetics Surge... Rebound Buying + Expectations for Indoor Mask Removal Next Year
[Asia Economy Reporter Lee Seon-ae] On the morning of the 15th, cosmetics-related stocks such as Coreana are all stirring. This is interpreted as buying demand pouring in due to expectations of easing quarantine policies, such as lifting indoor mask mandates. The rebound buying following the previous day's price drop is also considered a cause of the upward trend.
As of 9:53 AM today, Coreana is trading at 3,225 won, up 9.14% compared to the previous trading day. Other related stocks are also rising together, including Able C&C (5.28%), Tony Moly (4.76%), Clio (3.64%), Hankook Cosmetics (3.87%), It's Hanbul (3.11%), Hankook Kolmar (3%), AmorePacific (2.09%), and LG Household & Health Care (3.57%).
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Recently, attention has been focused on whether quarantine policies such as indoor mask-wearing and isolation requirements will be eased. Jeong Ki-seok, Chairman of the National Infectious Disease Crisis Response Advisory Committee (Head of the Central Disaster and Safety Countermeasure Headquarters COVID-19 Special Response Team), said yesterday, "Korea is also considering removing masks (indoors), and it would be good if that timing is next spring."
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