Vancouver’s Royal Pacific Realty had such a surge of business during the first two weeks of February that agents and assistants worked day and night shifts to find homes for Chinese buyers visiting during the Lunar New Year.
South Korea’s won had its biggest weekly gain in five months after a pickup in inflation fanned speculation policy makers will tolerate currency gains and U.S. data bolstered confidence in the global recovery.
South Korea’s won rose the most since June and government bonds fell as the current-account surplus hit a nine-month high and Federal Reserve Chairman Ben S. Bernanke expressed confidence in the U.S. economy.
Samsung Electronics Co., the world’s biggest maker of smartphones and TVs, fell the most in almost four months in Seoul trading after the European Union said it’s preparing an antitrust complaint against the company.
Hynix Semiconductor Inc. fell to the lowest in five months in Seoul trading after Korea Exchange Inc., the nation’s bourse operator, ordered the chipmaker to comment on speculation it would sell new shares.
Samsung Electronics Co., the world’s largest maker of mobile phones and TVs, reported higher-than- expected fourth-quarter earnings as sales of Galaxy smartphones withstood the debut of Apple Inc.’s iPhone 5.