Asiana Airlines' low budget carrier Air Busan surges after listing

Air Busan

27/12/2018 24:53

** Shares of Air Busan Co Ltd  298690.KS  surge as much as
42.5 pct from its IPO price on the first day of trading
 urn:newsml:reuters.com:*:nS6N1YM010
    ** Air Busan shares opened at 4,020 won, up 11.7 pct from
its initial offering price of 3,600 won, and rose as high as
5,130 won in early trade
    ** Asiana Airlines Inc  020560.KS , South Korea's
second-biggest airline, is the top shareholder of its affiliate
Air Busan with a 44.17 pct stake
    ** Asiana Airlines Inc rise as much as 2.1 pct
    ** Broader market  .KS11  down 0.1 pct as of 0047 GMT

 ((Reuters Messaging: joori.roh.thomsonreuters.com@reuters.net))