K-beauty stocks stumble as strong won squeezes profits

While K-beauty’s overseas sales have never been stronger, markets seem hesitant to reward its soaring figures, fearing a surging won will eat into its earnings. Cosmetics exports reached $11.1 billion in the first nine months of the year, up 31.1 percent and a record for the period, according to Korea’s Ministry of Food and Drug Safety, though shares of major K-beauty companies have lagged behind, weighed down by an earnings risk analysts say is already priced in. APR, the sector’s bellwether wi

Source: The Korea Herald