The share prices of Korea's cosmetics and duty-free shops which plunged due to concerns over China's retaliation against Korea's THAAD deployment, rebounded sharply across the board.
The main driver behind this rebounding is the rumors that Korea's THAAD deployment may be delayed, which, in turn, would contribute to improving the relations between Korea and China.
On April 17, Hotel Shilla closed at 51,100 won, up 7.47 percent or 3,550 won from the previous trading day. Over the past nine months since the Korean government announced its THAAD deployment plan, the share price of Hotel Shilla declined by about 23 percent.
The stock price of Shinsegae also rose 2.78 percent on the day. The share prices of cosmetics firms also showed strong rebounding. The share prices of the nation's 30 listed cosmetics firms grew by 4.77 percent on average, including It's Skin (6.31%), AmorePacific (5.53%), Amore G (4.58%), and LG Household & Health Care (4.46%).
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