S.Korea shares exposed to North Korea fall after testing of strike drill

Ananti

07/05/2019 02:18

** South Korean shares exposed to North Korea fall after
North Korea conducted a "strike drill" on Saturday; shares of
defence firms rise
    ** The purpose of the drill was to test performance of
"large-caliber long-range multiple rocket launchers and tactical
guided weapons by defence units," the Korean Central News Agency
said on Sunday  urn:newsml:reuters.com:*:nL2N22G095
    ** U.S. President Donald Trump said on Monday he spoke with
Japanese Prime Minister Shinzo Abe on issues of trade as well as
North Korea, especially after Pyongyang raised doubts about the
future of denuclearization dialogue with new weapons tests
 urn:newsml:reuters.com:*:nL2N22I0MM
    ** Shares of Ananti  025980.KQ , Hyundai Rotem  064350.KS , 
HS Valve  039610.KQ  fall 3.4 pct, 2.9 pct, and 3.7 pct,
respectively
    ** Meanwhile, shares of Victec Co Ltd  065450.KQ , LIGNEX1
 079550.KS  climb 7.2 pct and 2.8 pct, respectively 
    ** The broader KOSPI market  .KS11  was trading down 1.14
pct as of 0102 GMT

 (yuna.park.thomsonreuters.com@reuters.net)