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S Korea's 20t won stimulus plan lifts builders from 11-year lows

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Published Sun, Jul 10, 2016 · 09:50 PM

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    Seoul

    A 20 TRILLION won (S$23 billion) stimulus boost couldn't have come at a better time for Korean builder stocks languishing near 11-year lows.

    Hyundai Development Co Engineering & Construction and GS Engineering & Construction Corp rose 3 per cent or more on June 28 following the announcement of the extra budget, which is aimed at creating jobs and supporting the regions.

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