[Featured Stock] Have Cosmetics Stocks Hit Bottom?… AmorePacific Up 4%

[Asia Economy Reporter Ji Yeon-jin] On the 6th, Amorepacific is showing a strong rise of over 4%.

As of 10:30 AM on this day, Amorepacific is trading at 174,000 KRW, up 4.19% (7,000 KRW) compared to the previous trading day. The company has been on an upward trend since the 1st, continuing a four-day consecutive rise.

After the sharp decline following the COVID-19 outbreak last year, the company steadily increased, reaching 300,000 KRW on May 30th. However, as the COVID-19 situation prolonged, it showed a continuous downward trend but has recently been rebounding.

Meanwhile, due to growing concerns about the possibility of default by China's Evergrande Group, Asian stock markets are cautious, and the KOSPI is slightly declining.