Korea Bank Stocks Set for Best Quarter Since 2017 on Reform Bets [Yahoo! Finance]
BNP PARIBAS SPONS ADR (BNPQY)
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Source: Yahoo! Finance
(Bloomberg) -- Bank stocks in South Korea are headed for their best quarter in more than six years as investors put faith in the government's corporate reform pledges. Most Read from Bloomberg Tesla's $25,000 Car Means Tossing Out the 100-Year-Old Assembly Line Bankman-Fried Is Sentenced to 25 Years in Prison Over FTX Collapse UBS Banker's Frustration Exposes Cracks in World of Climate Finance Dubai Is Losing Its Allure for Wealthy Russians London Insurers Face Baltimore Bridge Payouts Worth Billions The Korea KRX Banks Index, a gauge of 10 financial stocks in the benchmark Kospi and small-cap Kosdaq indexes, has advanced 19% this quarter, the most since the three months through June 2017. The gain outstrips that of the Kospi, which has risen 3.4% in the same period. Investors have been lured back into bank shares on speculation the government's “Corporate Value-up” program will boost shareholder returns. Details of the plan - designed to improve valuations through be
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