Kurita leads Asian water recovery
- From: Vol 10, Issue 7 (July 2009)
- Category: General
- Region: Asia
- Country: Japan, Singapore and United States
- Related Companies: Kurita Water Industries and Southwest Water
The Asian segment of the GWI Water Index is up 29% this year, easily outperforming the broader market. The recovery has been driven by the advance of Kurita Water of Japan.
Despite slipping by 4.3% this month, water stocks managed to outperform most of the major indices (the MSCI World Index, for example, was down 6.7% over the same period).
Kurita Water Industries was one of the top performers this month, rising 9.4% on expectations that the semiconductor industry has reached the low point in its current cycle ...
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