Trade Wars Are Bad. Except for the Korean Stocks Up $1.5 Billion
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Escalating tensions between South Korea and Japan have darkened the clouds overhanging the global economy. But they’ve brightened up a part of the stock market.
South Korean suppliers of key materials for chipmakers have surged about 19% since Japan unveiled measures targeting its neighbor. The thinking is that these companies may win new business from key players including Samsung Electronics Co. and SK Hynix Inc.