S.Korean stocks exposed to N.Korea slump as Pompeo visit cancelled

Busan Industrial Co

27/08/2018 01:39

** Construction and steel stocks with exposure to North
Korea slump after U.S. President Donald Trump abruptly cancelled
his top diplomat Mike Pompeo's planned trip to North Korea on
Friday, saying the two countries were not making sufficient
progress on denuclearisation  urn:newsml:reuters.com:*:nL2N1VF10N
    ** North Korea's state-controlled media on Sunday accused
Washington of "double-dealing" against Pyongyang, claiming that
the United States staged air drill to infiltrate into the North
 urn:newsml:reuters.com:*:nL3N1VH075
    ** Shares of Namkwang Engineering & Construction
 001260.KS , Busan Industrial  011390.KS , Dongyang Steel Pipe
 008970.KS  and Hanil Hyundai Cement  006390.KS  plunge over 10
pct each
    ** The main KOSPI market  .KS11  flat as of 1225 GMT

 ((hayoung.choi.thomsonreuters.com@reuters.net))